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
Step-by-step explanation:
12 is 150% of what number?
answer- 8
5 is 50% of what number?
answer- 1000
10%of what number is 300?
answer- 3000
5% of what number is 72?
answer- 1440
20 is 80% of what number?
answer- 25
