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Calculating the Amount for an Emergency Fund. Beth and Bob Martin have a total take - home pay of $ 5 , 5 0 0

Calculating the Amount for an Emergency Fund. Beth and Bob Martin have a total take-home pay of $5,500 a month. Their monthly expenses total $4,900. Calculate the amount the couple needs to fund an emergency fund. How did you calculate this amount? (LO13-1)
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