To find out how much Andrea needs to save in each paycheck, we divide the total amount she wants to save by the number of paychecks she receives in a year.
Andrea receives 26 bi-weekly paychecks in a year (52 weeks / 2 weeks per paycheck = 26 paychecks).
Dividing $2,340 by 26 gives us $90 (2,340 / 26 = $90).
Therefore, Andrea needs to save $90 from each of her bi-weekly paychecks in order to meet her goal. Answer: \boxed{90}.
Andrea wants to build an emergency fund of
$
2
,
340
$2,340dollar sign, 2, comma, 340 over the next year. She wants to save the minimum amount from each of her bi-weekly paychecks.
If Andrea saves the same amount each paycheck, how much does she need to save in order to meet her goal?
3 answers
You are paid biweekly.
How many times do you get paid per year?
How many times do you get paid per year?
If you are paid biweekly, you receive 26 paychecks per year.