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Question 5 3 pts You are interested in introducing a new loan service to a market within a specific geographic region, which has a general
Question 5 3 pts You are interested in introducing a new loan service to a market within a specific geographic region, which has a general population of 500,000. You are targeting low-income consumers with bad credit who might have difficulty securing a loan through traditional means. In this market, you determine that 14.3 percent of individuals live below standard means, and you obtain figures showing 37.4 percent of individuals have a credit score below 600, and are listed as risky lienors. Using a top-down approach, provide a general estimate for the size of the loan market. O 187,006 consumers 0 34,592 consumers 26,741 consumers 0151,473 consumers O 71,911 consumers
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