Question

18. Your realized income is $2,915.64/month, and 54% are discretionary monies. If you want to save 3 months of fixed expenses for an emergency fund, how much must you save each month to fund it in 8 months?
@jackmullen55 @tylermcmullen23 @hick4life

Answer 1

Find out how much of your realized income is discretionary money. Then subtract this amount from the realized income to find your fixed expenses. Multiply this amount by the number of months you are saving for. Then divide this number by the number of months during which you plan to be saving.

Answer 2

id say first that you need to find out how much money you spend on discretionary items

Answer 3

so probably do .54 x 2915.64 first

Answer 4

1,574.44

Answer 5

then subtract 2915.64-1574.45

Answer 6

1341.19

Answer 7

ok now multiply that by 8

Answer 8

10,729.52

Answer 9

@tylermcmullen23 is that it???

Answer 10

@tylermcmullen23 ?????

Answer 11

but its supposed to be 10729.12 not .52

Answer 12

divide 10729.12 by 3

Answer 13

0.00027961287

Answer 14

576.37

Answer 15

is the 576.37 one right? cuz that is what i got

Answer 16

you should have got 3576.37

Answer 17

oh

Answer 18

yeah. you didnt put the "0" in there lol

Answer 19

Need help?

Answer 20

i divided 10729.12 by 3

Answer 21

3576.37 so is that my final answer???

Answer 22

i believe so. i hope so

Answer 23

no ok...

Answer 24

i followed what it said to do step by step

Answer 25

you can help jack if you want

Answer 26

but we already found the answer so

Answer 27

K any other questions?

Answer 28

idk if that was correct tho