Please read it and answer my question which

1-Nicholas is considering borrowing from his Section 401(k) plan, which has a loan provi- sion. What are the requirements for such a loan? let me know how to answer it. Thanks.

Home Furnishings The furniture was originally purchased with 20% down and 18% interest over 36 months. The monthly payment is $162.69. Automobile The automobile was purchased January 1, 2010, for $26,474 with 20% down and 80% financed over 60 months with payments of $450 per month. Home Furnishings The furniture was originally purchased with 20% down and 18% interest over 36 months. The monthly payment is $162.69. Automobile The automobile was purchased January 1, 2010, for $26,474 with 20% down and 80% financed over 60 months with payments of $450 per month