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?
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}.
You are paid biweekly.
How many times do you get paid per year?
If you are paid biweekly, you receive 26 paychecks per year.
To find out how much Andrea needs to save in each bi-weekly paycheck, we divide her total goal of $2,340 by the number of paychecks in a year.
There are 52 weeks in a year, so there are 52/2 = 26 bi-weekly paychecks in a year.
So, Andrea needs to save $2,340 / 26 = $90 in each bi-weekly paycheck in order to meet her goal.
To find out how much Andrea needs to save from each bi-weekly paycheck, we first need to determine the number of paychecks she will receive in a year.
There are 52 weeks in a year, and since Andrea is paid bi-weekly, she will receive 26 paychecks in a year (52 weeks / 2).
Now, we can divide the total amount Andrea wants to save ($2,340) by the number of paychecks she will receive (26) to find the amount she needs to save from each paycheck:
$2,340 / 26 = $90
Therefore, Andrea needs to save $90 from each of her bi-weekly paychecks in order to meet her goal of building an emergency fund of $2,340 over the next year.