You have housing and fixed expenses of $813.52/month. you want to have a 6-month emergency fund and you want to have it funded in 18 months. how much must you save per month? a.) $301.25 b.) $271.17 c.) $266.04 d.) $265.23

$271.17

Step-by-step explanation:

Given : You have housing and fixed expenses of $813.52/month.

           You want to have a 6-month emergency fund

To Find: you want to have it funded in 18 months. How much must you save per month?

Solution:

You have housing and fixed expenses of $813.52/month.

So, 6 months emergency funds =

You want to have it funded in 18 months

So, you will save per month =

                                               =

Thus Option A is correct.

You have to save  $271.17 per month.

option a is correct.

step-by-step explanation:

scale factor: it is used to find proportional measurements.

proportions means having the same ratio.

scale factor is the ratio of the model measurement to the actual measurement in a simplest form.

or we can say that the ratio of any two corresponding lengths in two similar geometric figures

if the scale factor is more than 1, then it is an enlargement,

if the scale factor less than 1, then it is a reduction.

given the two geometric figure:

by definition of proportions, we have