Develop a backend for a money lending application, similar to apps like Slice and KreditBee. Implement the following 4 APIs using MongoDB, Postman, and Node.js. Adding Comments to the logic is mandatory. APIs

Endpoint: POST /signup

1. Approve or reject the application based on user age and monthly salary.
2. Register the user after all verification.
3. Maintain a status field to handle the user application status.

1. Phone number
2. Email
3. Name
4. Date of user registration
5. Date of birth (DOB)
6. Monthly salary

1. User should be above 20 years of age.
2. Monthly salary should be 25k or more.

Endpoint: GET /user Functionality: ● Show user data with the following fields: ○ Purchase Power amount ○ Phone number ○ Email ○ Date of user registration ○ DOB ○ Monthly salary

Endpoint: POST /borrow

1. Allow the user to borrow money from the application.
2. Update the Purchase Power amount.
3. Calculate the tenure of repayments and the monthly repayments with an interest rate of 8%.
4. Return the updated Purchase Power amount and the monthly repayment amount. Submission