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Natalia just returned from the Olympics where she injured herself in the diving competiton. She is so disappointed as she practiced for years every night
Natalia just returned from the Olympics where she injured herself in the diving competiton. She is so disappointed as she practiced for years every night after work and sometimes before work. This injury will not allow her to work for months. Natalia's employer is a small business and does not have disability insurance. She will not be receiving any income during this time off yet knows that her monthly bills and expenses will continue along with medical bills. When she returns to work in months, she is determined to ensure to have an emergency fund set aside. At the time of her accident her disposable aftertax income was $ for which she managed to save $month for an annual vacation with everything else covering her expenses.
Natalia could kick herself as she knew that financial planners recommend savings to cover to months' worth of expenses for an emergency fund but never planned for that. What is the recommended maximum emergency fund Natalia should have had?
Question Select one:
a
$
b
$
c
$
d
$
e
$
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