What is an important requirement for an emergency fund

Mathematics

1 answer:

wariber [46]3 years ago

4 0

Answer:

According to most financial experts, it's wise to save at least six months of net living expenses in an emergency fund. So if a family requires $3,000 a month to pay all of its expenses, then it should strive to accumulate $18,000 in an interest bearing emergency savings account.

You might be interested in

Find the missing value. (√24-√k)(√24+√k)=5

Anna [14]

Answer:

k = 19

Step-by-step explanation:

Identity

(a + b)(a - b) = a² - b²

Simplifying the LHS (Left Hand Side)

(√24-√k)(√24+√k)
(√24)² - (√k)²
24 - k

Equating to the RHS

24 - k = 5
k = 24 - 5
k = 19

4 0

2 years ago

Read 2 more answers

Courtney save $6.18 each week. How much will Courtney have saved after 14 weeks?

n200080 [17]

$86.52

6.18•14=86.52

I hope this helps and have a great day (Also brainliest would be appreciated but you don’t have to) :)

3 0

2 years ago

1. The mean annual US household income is $72,641. Suppose that the standard deviation is $30,000. a. Find the probability that

valina [46]

Answer:

The answer is below

Step-by-step explanation:

The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given as:

$z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score,\mu=mean\ and\ \sigma=standard\ deviation \\\\For\ a\ sample\ size\ n: \\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }$