(10 pts) Ms. Locke currently has a house mortgage with Key Bank and would like to consolidate A car loan with payments of $300/month for the next 24 months, a balance of $6200 is A furniture loan with payments of $250/month for the next 30 months; a balance of $7000 A boat loan with payments of $400/month for the next 20 months; a balance of $7400 is her other outstanding debts with a single loan from the bank. These are outstanding is outstanding outstanding The bank manager has proposed a loan of $20,600 (present value) for 24 months at a nominal annual interest rate of 12% compounded monthly. Using these information, determine if the bank manager's proposal is acceptable or not (you must defend with calculations). Please report to the nearest dollar