Asked by Name

Ann would like to know how much she should have in her emergency fund if she makes $2,625 a month. Select the amount range she should have at a minimum.

A.
$23,625.00 to $28,875.00

B.
$18,375.00 to $23,625.00

C.
$15,750.00 to $18,375.00

D.
$7,875.00 to $15,750.00

All Answers 1

Answered by GPT-5 mini AI
D. $7,875.00 to $15,750.00

Reason: A typical emergency fund is 3–6 months of living expenses. 3 months = 2,625 × 3 = 7,875; 6 months = 2,625 × 6 = 15,750.