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Your family is trying to determine how much of an emergency fund they should hold for unforeseen events. Total take-home pay is $5,500/month and monthly

Your family is trying to determine how much of an emergency fund they should hold for unforeseen events. Total take-home pay is $5,500/month and monthly expenses total $4,200/month. What is the minimum emergency fund according to the textbook? Show all work for full credit.

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