b. Use the information below to calculate the average gross annual income of applicants to whom loans were made. A. Sum of the incomes reported by all 27,532 applicants to whom loans were made. B. Number of applicants to whom loans 2 were made C. Average gross annual income $13,766.00 c. Number and percentage of loans made to applicants by income level Income Level Number of loans Percentage of loans $15,000 or less 1 50.00% $15,001 - 1 50.00% $30,000 $30,001 - 0 0.00% $45,000 $45,001 - 0 0.00% $60,000
b. Use the information below to calculate the average gross annual income of applicants to whom loans were made. A. Sum of the incomes reported by all applicants to whom loans were made. 27,532 B. Number of applicants to whom loans were made 2 C. Average gross annual income $13,766.00 c. Number and percentage of loans made to applicants by income level Income Level Number of loans Percentage of loans $15,000 or less 1 50.00% $15,001 - $30,000 1 50.00% $30,001 - $45,000 0 0.00% $45,001 - $60,000 0 0.00%
NATC%20Annual%20Report%202014.docx