You have housing and fixed expenses of $813.52 a month you want to have a 6 month emergency fund and you want to have it funded in 18 months how much must you save per month?

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asked Feb 10, 2019 92.5k views

You have housing and fixed expenses of $813.52/month. You want to have a 6-month emergency fund and you want to have it funded in 18 months. How much must you save per month? A.) $301.25 B.) $271.17 C.

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You have housing and fixed expenses of $813.52/month. You want to have a 6-month emergency fund and you want to have it funded in 18 months. How much must you save per month?

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• Housing 25% - 35%: percent chosen = 25% - $3,255.42 x .25= $813.86 • Food/Household 10% - 20%: percent chosen = 15% - $3,255.42 x .15= $488.31 • Savings 5% - 10%: percent chosen =10% - $3,255.42 x .10=

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Robert Langdon · Answer 1 · 2024-03-28T11:40:28+0000

Answer:

271.17 is the answer

Explanation:

we know that the housing and fixed expenses of $813.52/month.

6 months emergency funds

= 813.52 × 6 = 4881.82

We know that you want to have it funded in 18 months

put it fraction will solve the problem:

(4881.12)/(18) = 271.17

271.71 being the answer

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You have housing and fixed expenses of $813.52 a month you want to have a 6 month emergency fund and you want to have it funded in 18 months how much must you save per month?

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You have housing and fixed expenses of $813.52 a month you want to have a 6 month emergency fund and you want to have it funded in 18 months how much must you save per month?​

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You have housing and fixed expenses of $813.52 a month you want to have a 6 month emergency fund and you want to have it funded in 18 months how much must you save per month?