Your fixed expenses are $1,235. 78/month. You want to save 5 months' worth for an emergency fund over a year's time. How much must you save each month?

  $514.91

Step-by-step explanation:

You want to save a total of ...

  5 × $1235.78

You want to do this over a 12-month period. So, you want to save 1/12 of this total each month. The amount you're saving each month is ...

  5(1235.78)/12 = 514.908333... ≈ 514.91

You must save $514.91 each month to reach the goal.

step-by-step explanation:

(s)he  is right it would be 5.5% because it is smaller than 15.5% or anything smaller than 15.5% in general

you divide them and then you get the answer i took this class this year

step-by-step explanation: