7.52 At a local bank, loan officers must evaluate loan applications

before approving or denying them. During this evaluation

process, many factors regarding the loan request and

the applicants background are considered. If the loan is

for less than $2000, the loan officer checks the applicants

credit report. If the credit report is rated good or excellent,

the loan officer approves the loan. If the credit report

is rated fair, the officer checks to see if the applicant has

an account at the bank. If the applicant holds an account,

the application is approved; otherwise, the application is

denied. If the credit report is rated poor, the application is

denied. Loan applications for amounts between $2000 and

$200,000 are divided into four categories: car, mortgage,

education, and other. For car, mortgage, and other loan requests,

the applicants credit report is reviewed and an employment

check is made to verify the applicants reported

salary income. If the credit report rating is poor, the loan

is denied. If the credit report rating is fair, good, or excellent

and the salary income is verified, the loan is approved.

If the salary income is not verifiable, the applicant is contacted

and additional information is requested. In this case,

the loan application, along with the additional information,

is sent to the vice president for review and a final loan

decision. For educational loans, the educational institution

the applicant will attend is contacted to determine the estimated

cost of attendance. This amount is then compared

to the amount of the loan requested in the application.

If the requested amount exceeds the cost of attendance,

the loan is denied. Otherwise, education loan requests for

amounts between $2000 and $34,999 are approved if the

applicants credit rating is fair, good, or excellent. Education

loan applications requesting amounts from $35,000 to

$200,000 are approved only if the credit rating is good or

excellent. All loan applications for amounts greater than

$200,000 are sent to the vice president for review and approval.

Use a decision table to represent this logic.