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Show that an amortized loan amount n at interest rate i per period can be repaid by the series of n geometrically increasing payments K1=(1+i),K2=(1+i)2,,Kn=(1+i)n,
Show that an amortized loan amount n at interest rate i per period can be repaid by the series of n geometrically increasing payments K1=(1+i),K2=(1+i)2,,Kn=(1+i)n, with the first payment made one period after the loan. Show that the outstanding balance at time t=Bt=(nt)(1+i)t
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