Your realized income from your primary job is $3,076.45/month. Your fixed expenses are 36% of your realized income. How much mus
t you save for an emergency fund of 6 months?
1 answer:
If you would like to know how much money you must save for an emergency fund of 6 months, you can calculate this using the following steps:
36% of $3,076.45 = 36% * 3,076.45 = 36/100 * 3,076.45 = $1,107.522
6 months * $1,107.522 = 6 * 1,107.522 = $6,645.132
The correct result would be $6,645.132.
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