Question 5 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27
Add Dylan’s monthly expenses: $900 + $400 + $295 = $1,595. Three months of expenses is $1,595 × 3 = $4,785. Subtract the $3,500 already in his emergency fund: $4,785 − $3,500 = $1,285. He needs to save $1,285 more; his 401(k) is separate from his emergency fund.
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