To qualify for a loan of $200,000, an applicant must have a gross income of $72,000 if
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To qualify for a loan of $200,000, an applicant must have a gross income of $72,000 if single, or $100,000 combined income if married. It is also necessary to have assets of at least $50,000. Write these statements symbolically, and decide whether Liz, who is single and has assets of $125,000, satisfies the conditions for obtaining a loan. She has an income of $58,000.
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Let s The person is single assume s The person is married a The person has assets of at least 50000 c The person has a ...View the full answer
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