In Five month Jay should have $15,000 in his account has emergency fund
<h3>Given Data</h3>
Earnings per month = $4000
Monthly Expenses = $3000
Monthly Rent = $2000 part of monthly expenses
After deducting monthly expenses from Monthly earning we have
4000-3000 = $1000
<h3>Determining the 5-months Emergency Funds</h3>
Since we have a monthly expenses of $3000 a five month emergency fund will be
= 3000*5
= $15,000
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