multiple choice question\na method to confirm that you can pay for the loan is:\no your take home just…

multiple choice question\na method to confirm that you can pay for the loan is:\no your take home just covers monthly expenses and the loan payment.\no to have enough take - home pay to cover monthly expenses, the loan payment and other expenses.\no take - home pay does not cover monthly expenses

multiple choice question\na method to confirm that you can pay for the loan is:\no your take home just covers monthly expenses and the loan payment.\no to have enough take - home pay to cover monthly expenses, the loan payment and other expenses.\no take - home pay does not cover monthly expenses

Answer

Brief Explanations:

To confirm the ability to pay a loan, one should have sufficient take - home pay to cover not only monthly expenses and loan payments but also other unforeseen or regular additional expenses. If take - home pay just covers monthly expenses and loan payments, there is no buffer for other costs. And if take - home pay does not cover monthly expenses, loan repayment will be difficult.

Answer:

B. to have enough take - home pay to cover monthly expenses, the loan payment and other expenses.