Your monthly living expenses are $1400 and your monthly income is $1525. Your goal is to have an emergency fund of 5 times your

Question

Your monthly living expenses are $1400 and your monthly income is $1525. Your goal is to have an emergency fund of 5 times your monthly living expenses. Your emergency fund savings account has $2400 and you put the remainder of your monthly income into the emergency fund each month. How much more money would you have to save each month to complete your emergency fund in 12 months?

Kunduz · Accepted Answer

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