Question

Beth and Bob Martin have total take-home pay of $5,000 a month. Their monthly expenses total $4,360. Calculate the minimum amount this couple needs to establish an emergency fund.

Answer 1

Answer:

the minimum amount that required to create an emergency fund is $13,080

Explanation:

The computation of the minimum amount that required to create an emergency fund is as follows:

= Monthly expenses × minimum months

= $4,360 × 3 months

= $13,080

hence, the minimum amount that required to create an emergency fund is $13,080

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