Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.