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Use Retrospective Loan calculation to demonstrate how the general case of Loan balance can be achieved [Hint: lk=l0(1+i)kx1(1+i)k1x2(1+i)k2xk ]. Similarly for Repayments payable mthly, show
Use Retrospective Loan calculation to demonstrate how the general case of Loan balance can be achieved [Hint: lk=l0(1+i)kx1(1+i)k1x2(1+i)k2xk ]. Similarly for Repayments payable mthly, show that the capital repaid at time (k+1)/m is f(k+1)/m=x(k+1)/mmi(m)lk [20]
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