I would convert them to improper fractions and then multiply. The improper fractions would be 35/4*13/6, and then you multiply across, 455/24, and that doesn't reduce, but you can convert it back to a mixed number, which is 18 23/24.
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what?
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Sas
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Answer:
-8100 x (-0.1)5
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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
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