Answered

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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

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