Your realized income from your primary job is $3,076.45/month. Your fixed expenses are 36% of your realized income. How much mus

Question

stepladder [879]

3 years ago

13

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?

Mathematics

1 answer:

erastovalidia [21] · Answer 1 · 2022-01-31T16:10:55+03:00

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.