Answer :
He would need to save $6,645.13 for an emergency fund of 6 months. I found this by first dividing 3,076.45 by 100 to get 30.7645, I then multiplied that by 36 to get 1,107.52, which is one month of expenses. I then multiplied that by 6 to get 6,645.13.
The amount you must for an emergency fund of 6 months is:$6,645.132.
Emergency fund
First step
Fixed expenses:
Fixed expenses=36/100 ×3,076.45
Fixed expenses = $1,107.522
Second step
Emergency fund:
Emergency fund=6 months ×$1,107.522
Emergency fund=$6,645.132
Inconclusion the amount you must for an emergency fund of 6 months is:$6,645.132.
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