Your monthly living expenses are $1500 on an income of $1,650 per month. Your goal is to have an emergency fund of 4 times your monthly living expenses. Your emergency fund savings account has $2,400 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? a. $300 per month b. $150 per month c. $75 per month d. $60 per month

(2) Answers

I think the answer is a


The answer is b: 1500 x 4=6000 150 x 12=1800 6000-2400-1800=1800 1800/12=150

Add answer