Answered

Uncover valuable information and solutions with IDNLearn.com's extensive Q&A platform. Discover comprehensive answers to your questions from our community of knowledgeable experts.

4. Maryam's average monthly expenses are $3,750. She wants to have an emergency fund that
covers 3 months of expenses saved up within the next 24 months. If she's starting with $300 in
her account, how much does she need to save each month to reach that goal?

Sagot :

Answer:

$456.25 each month

Step-by-step explanation:

Fund for 3 months 3750 * 3 = 11250

Start with 300 => 11250 - 300 = 10950

Within 24 months to reach 10950 => each month = 10950 / 24 = 456.25

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.