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?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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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?
Transcribed Image Text: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?
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