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Teddys gross income is $110,000 and her disposable income is $90,000. Her savings ratio is 5%. What is the minimum emergency fund should she maintain?

Teddys gross income is $110,000 and her disposable income is $90,000. Her savings ratio is 5%. What is the minimum emergency fund should she maintain?

Points: 1

  1. $20,500

  2. $26,125

  3. $42,750

  4. $21,375

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