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Your housing and fixed expenses are $702.38 per month do you want to have a four month emergency fund and save it over a nine month period of time how much do you need to save per month?

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Answer:

For Review: Planning Ahead and Contracts Quick Check... these are the answers...

1) B. Yes, you want to begin saving at least 25 years before you plan to retire

2) D. all of the above

3) $2,341.27 per month realized income

4) Your housing and fixed expenses are $702.38 per month do you want to have a four month emergency fund and save it over a nine month period of time how much do you need to save per month?

Answer #4) $312.17 /month

Step-by-step explanation:

702.38 * 4 = 2,809.52 How much you will need to save for 4 months worth or expenses.

Now divide by 9 because that is how many months you will take to save up...

2,809.52 / 9 = 312.17

Answer) $312.17 per month, for 9 months to save 4 months worth or expenses.

The amount of money that we need to save per month for 4 month emergency fund saving for 9 months for this case is $312.17 approximately.

How can we interpret the division?

When 'a' is divided by 'b', then the result we get from the division is the part of 'a' that each one of 'b' items will get.

Thus, if 10 mangoes are there, and 2 people, then 10 ÷ 2 is the number of mangoes each person would get, which is 5.

Division, thus, can be interpreted as equally dividing the number that is being divided in total x parts, where x is the number of parts the given number is divided.

Thus, [tex]a \div b[/tex]  = a divided in b equal parts.

Also, we can write: [tex]a \div b = a \times \dfrac{1}{b}[/tex]

(it is since a = a times 1 so [tex]a/b = 1 \times (a/b) = (1/b) \times a[/tex] )

Given that:

  • Housing and fixed expenses = $702.38 /month
  • We want to have four month emergency fund (for those expenses, assumingly).
  • That savings would be done in 9 months.

4 months emergency funds = [tex]4 \times $702.38 =2809.52 \: \rm dollars[/tex]

This is equally to be saved in 9 months.

Amount we need to save in each of those 9 months = [tex]2809.52 \div 9 = \dfrac{2809.52}{9} \approx 312.17 \: \rm dollars[/tex]

Thus, the amount of money that we need to save per month for 4 month emergency fund saving for 9 months for this case is $312.17 approximately.

Learn more about division here:

https://brainly.com/question/26411682

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