FIN 111 – Gerard wnts to borrow $20000 from bank to start landscaping business.

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FIN 111 – Gerard wnts to borrow $20000 from bank to start landscaping business.

Gerard wnts to borrow $20000 from bank to start landscaping business. He has always maintained timely repayments on his personal loan two car loans and three credit cards with after tax income of $45000 total savings of 4000 and monthly living expenses of $1600 will his loan be approved? Explain answer