Step-by-step explanation:
soo wat u wanna do with this?
Answer:
PV= Max Loan amount = PMT*B(i,T) and PMT = 1200. Calculate B(i,T) = B(6%/12, 360)
=(12/.06)(1-(1/(1.005))360) I will let you complete the calculation
found this i think this should help with your question
I've labled all in red, hope this helps.
