In determining the amount of your loan, you should ask for about 20 percent more than you need in order to give yourself financial flexibility in the future.

Name: In determining the amount of your loan, you should ask for about 20 percent more than you need in order to give yourself financial flexibility in the future.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Asking for more than you need can lead to unnecessary debt and higher interest costs. It's better to borrow only what is necessary and manage finances carefully.

In Determining the Amount of Your Loan, You Should Ask