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5. You are working in a bank, determining whether a potential client should receive a loan or not. They are looking for a mortgage worth

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5. You are working in a bank, determining whether a potential client should receive a loan or not. They are looking for a mortgage worth $350,000, which they would like to repay on a monthly basis over the next 30 years. The interest rate is 9%6. In addition, they are currently paying down a car credit and a consumer credit. Which account for a combined $350 per month. The customer would also have to pay approximately $2,400 per year in property taxes and could signa contract to ensure their real estate against all potential risks for $1,200 per year. Considering their yearly income of $66,000, should you approve them based on your information

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