Couple needs to establish an emergency fund

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Reference no: EM131884251

Assume you are in the 28 percent tax bracket and purchase a 3.50 percent municipal bond. Calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield % Jane and Bill Collins have total take-home pay of $4,500 a month. Their monthly expenses total $3,400. Calculate the minimum amount this couple needs to establish an emergency fund.

Minimum emergency fund_________.

Reference no: EM131884251

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