Answer:
you too :)
Step-by-step explanation:
Follow my steps. Sorry im bit untidy .
Follow these 1°,2°,3°
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
