t><font face="Arial" color="#000100" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Arial" color="#000100" size="2">for(t in 1 : N) {<br>
</font><font face="Arial" color="#000100" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Arial" color="#000100" size="2">&nbsp;&nbsp;&nbsp;blt[k, t] &lt;- inprod(y[k, t, ], bl[]) / pow(1 + delta.b, t - 1)<br>
</font><font face="Arial" color="#000100" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;