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Mow assume the borrower can take a two month loan. For a two month loan: * Aloan of size Lis made. * First month interest

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Mow assume the borrower can take a two month loan. For a two month loan: * Aloan of size Lis made. * First month interest is calculated on the total amount Lusing the monthly interest rate. * The first repayment is subtracted from the total repayment burden (including first month interest) in the first month. * Zepcond month interest (again using the monthly rate) is calculated on what's left of the loan and interest AFTER the first payment. * The second repayment should equal whatever is left to be repaid (including second month interest) in the second month. 5. Assume the borrower repays the same amount m in both months. Express the payment amount m in terms of Land k

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