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Hello, Can you answer Question 5 and 6 As a loan officer...

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Accounting

Hello, Can you answer Question 5 and 6

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As a loan officer in a bank, you received an application for a real estate loan from a borrower to buy an apartment in Dubai. The apartment is an unfurnished one bedroom flat situated in Park Island building (Sanibel) in Dubai Marina. Details about the property (and a comparable one sold in the same building) are presented in the following table: Questions: 5- Which approach the bank is most likely to adopt? Justify your answer. 6- How much loan should the bank advance in the Loan to Value Ratio (LVR) is 75%

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