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Suppose that during the course of a loan, two successive periods have the same interest rate (it=it+1=i). Show that PRt+1=PRt(1+i)+Kt+1Kt. It then follows that if

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Suppose that during the course of a loan, two successive periods have the same interest rate (it=it+1=i). Show that PRt+1=PRt(1+i)+Kt+1Kt. It then follows that if Kt+1=Kt and it=it+1=i, then PRt+1=PRt(1+i)

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