Question

Your fixed expenses are $1,235.78/month. You want to save 5 months' worth for an emergency fund over a year's time. How much must you save each month?

Answer 1

@domoniquema5

Answer 2

We know that we earn 1,235.78 per month and we would like to save at least 5 months worth so we multiply....

\(\Huge{1,235.78 \times 5 = ?}\) what would this equal to?

Answer 3

Once you get your product you would then divide by 12...

Answer 4

So 514.90?