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Repayment policy for multiple loans

Fig 1

Schematic representation of conditions (6) for a single loan j.

The principal amount m_j and each installment are multiplied by their accumulation factor after t periods. If the installment amounts (yellow, red, and green, respectively) are equal to the principal with its accumulation factor (blue) as it happens at time t = 3, then loan j has been completely repaid.

doi: https://doi.org/10.1371/journal.pone.0175782.g001