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:
6 *20 = 120
8 *60 = 480
120 + 480 = 600 pounds total
Answer:
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Step-by-step explanation: