Dylan's essential (fixed) expenses are $900 per month, his essential (flexible) expenses are $400 per month, and his non-essential expenses are $295 per month. His 401-K retirement account has $12,000, and his emergency fund savings account has $3500. Dylan wants an emergency fund of 3 times monthly living expenses. How much more does Dylan need to save to have an adequate emergency fund?

a. $1,450

b. $5,200

c. $1,285

d. $8,500

Question

Mathematics

Shaffer

28 October, 17:42

Dylan's essential (fixed) expenses are $900 per month, his essential (flexible) expenses are $400 per month, and his non-essential expenses are $295 per month. His 401-K retirement account has $12,000, and his emergency fund savings account has $3500. Dylan wants an emergency fund of 3 times monthly living expenses. How much more does Dylan need to save to have an adequate emergency fund?

a. $1,450

b. $5,200

c. $1,285

d. $8,500

+2

Answers (1)

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Macy · Answer 1

The right answer for the question that is being asked and shown above is that: "b. $5,200." Dylan need to save to have an adequate emergency fund is that b. $5,200. Dylan’s essential (fixed) expenses are $900 per month, his essential (flexible) expenses are $400 per month, and his non-essential expenses are $295 per month