Sylvia has monetary assets of $24,000, and the minimum amount she needs to spend each month is

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Sylvia has monetary assets of $24,000, and the minimum amount she needs to spend each month is $6,000. The formula for emergency fund ratio is as follows:

Emergency Fund Ratio = Monetary Assets / Monthly Living Expenses

For how long will Sylvia's emergency fund last?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 07, 2023 11:36 PM

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Sylvia has monetary assets of $24,000, and the minimum amount she needs to spend each month is

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her emergency fund will last for 4 months SOLUTION Eme... View the full answer

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