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

Jude Parrish

18 June, 11:02

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

+3

Answers (1)

Know the Answer?

Gabriel Lam · 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