Question: One of the most important elements of any financial plan is the creation of an emergency fund. Samantha is going to need help evaluating their
One of the most important elements of any financial plan is the creation of an emergency fund. Samantha is going to need help evaluating their income and expenses you calculated previous to help determine how much and how long they need to save. In this section please determine an appropriate amount for an emergency fund and other requested information. Assume that your friend already has $5218 in savings.
Total Income : $6931.1006
Total Expenses: $-5895.909
Calculate:
Net Cash Flow:
# of months needed:
Size of Emergency Fund:
Additional Savings Required:
Time to save money:
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
