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You set a goal of creating a $16,000 emergency fund. You earn a salary of $40,000 per year
and decide to save 20% of your gross pay. How long will it take for you to achieve your goal?
A. 6 months
B. 1 year
C. 2 years
D. 3 years

You set a goal of creating a 16000 emergency fund You earn a salary of 40000 per year and decide to save 20 of your gross pay How long will it take for you to a class=

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innermoonbts
D because it’s more longer than the other dates

Answer:

the answer is  C. 2 years

20% of 40000 is 8000, remember that gross pay is for the end of the year not monthly

Step-by-step explanation:

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