Question
Assume the following annual financial information for Kelli (age 30): Gross Income $95,000 Income (after taxes) $80,000 Savings $2,500 Rent $18,000 Dry Cleaning $200 Entertainment
Assume the following annual financial information for Kelli (age 30):
Gross Income $95,000
Income (after taxes) $80,000
Savings $2,500
Rent $18,000
Dry Cleaning $200
Entertainment $2,000
Utilities $1,800
Car Payment $6,600
Auto Insurance $2,400
Student Loans $6,000
Credit Cards $1,200
- Calculate Kelli's emergency fund ration (cash/monthly non-discretionary cash flow)? a) 0.785 b. 0.833 c. 1.272 d. 2.056
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Elements Of Structured Finance
Authors: Ann Rutledge, Sylvain Raynes
1st Edition
0195179986, 978-0195179989
