Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: Value $55,000 10% Checking account Characteristic Annual gross income TDS Relations with FI Major credit cards Age Residence Length of residence Job stability Credit history 65 Own/Mortgage 0.5 years 0.5 years Missed 2 payments 508 -10 Relations with FI Score None O Checking account 10 Savings account 10 Both 20 None Major credit cards Score Between 1 and 4 20 5 or more 10 60 Age Score 25-60 25 Rent Residence Score Own with mortgage 20 Own outright 50 5 years 40 5 years 50 Credit history Score No record Missed a payment in last 5 years -15 Met all payments 40 0 The loan is automatically rejected if the applicant's total score is less than or equal to 120. The loan is automatically approved if the total score is greater than or equal to 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision. a. Calculate Joan Doe's credit score b. Determine whether or not Joan Doe should be approved for a mortgage from your bank. Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: Value $55,000 10% Checking account Characteristic Annual gross income TDS Relations with FI Major credit cards Age Residence Length of residence Job stability Credit history 65 Own/Mortgage 0.5 years 0.5 years Missed 2 payments 508 -10 Relations with FI Score None O Checking account 10 Savings account 10 Both 20 None Major credit cards Score Between 1 and 4 20 5 or more 10 60 Age Score 25-60 25 Rent Residence Score Own with mortgage 20 Own outright 50 5 years 40 5 years 50 Credit history Score No record Missed a payment in last 5 years -15 Met all payments 40 0 The loan is automatically rejected if the applicant's total score is less than or equal to 120. The loan is automatically approved if the total score is greater than or equal to 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision. a. Calculate Joan Doe's credit score b. Determine whether or not Joan Doe should be approved for a mortgage from your bank