Your fixed expenses are $834.02/month. You save 5 months' worth in an emergency fund over a year’s time. How much did you save per month?

Question

asked Jun 4, 2020 146k views

2 Answers

Bibamann · Answer 1 · 2020-06-10T01:05:59+0000

Answer:

347.51

Explanation:

First determine how much you saved

5* 834.02 =

4170.10

This is 5 months expenses

We saved this over a year (12 months)

Divide this by 12 months

4170.10/12

347.50833333

Rounding this to the nearest cent

347.51

This is how much is saved per month