Using only the TDS criteria, which one of the following statements is true?
A) Joe gets the loan but not Bill.
B) Bill gets the loan but not Joe.
C) Both get the loan.
D) Neither gets the loan. Joe: TDS = ((2700 x 12) + 3000) /100,000 = 35.40%; Bill: GDS = ((1150 x 12) + 1400) /45,000 = 33.78%; Joe is over the maximum of 35%, Bill is under
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