Homework Answers
Requirement 1:
Requirement 2:
Requirement 3:
Kirsten will be granted the loan as he is fulfilling both of the conditions for the ratios being within the maximum limits so allowed.
First ratio was required to be below 28% and ratio of Kirsten is 24%.
Second ratio was required to be below 36% and ratio of Kirsten is 32%
Hence, loan shall be granted to Kirsten on fulfillment of the prescribed conditions.
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