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densk [106]
3 years ago
9

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.

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Step-by-step explanation:

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Multiply eq(1) by 5 and eq(2) by 2 to make coefficients of m equal.

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