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Your fixed expenses are $1,235.78/month. You want to save 5 months' worth for an emergency fund over a year's time. How much must you save each month?

Your fixed expenses are $1,235.78/month. You want to save 5 months' worth for an emergency fund over a year's time. How much must you save each month?
asked 7.7k views
3 votes
your fixed expenses are $1,235.78/month. You want to save 5 months' worth for an emergency fund over a year's time. How much must you save each month?

asked
User Dan Watt
by
8.5k points

2 Answers

4 votes
You must save $514.90 a month
answered
User Zzk
by
8.4k points
2 votes

The correct answer is $514.91


answered
User Caw
by
8.8k points
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