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PDF-2.THEASSIGNMENTWhenyoutakeoutaone-timeloanofLdollars,interestcollectsd PDF document

x1xn1xn2x1HintSimplifythelefthandsideforseveralvaluesforn2Explainwhythismeansthattheamountremainingonaloanafterncompoundingperiodsis22AL1rnp1rn1 1r1HintUseequation

x1=xn1+xn2++x+1.Hint:Simplifytheleft-handsideforseveralvaluesforn.2.Explainwhythismeansthattheamountremainingonaloanafterncompoundingperiodsis(2.2)A=L(1+r)np(1+r)n1 (1+r)1.Hint:Useequation(

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