Y ou are 35 years old You have a non-working spouse (same age) You have one...

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Answer 1

Answer #1

a) Monthly Expenses $3500, For annual expenses becomes $42000.

Monthly Debt payment is $4000, For annual becomes $48000

Emergency fund should be for six months basic living expenses, it assumes you can be unemployed for six months i. e. ($42000+$48000)/2 = $45000 .

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Answer 2

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