Suppose you are a salaried employee paid monthly. You currently receive $5,200 net income each month. The 20-50-30 budget model has been working well for you so far, so you plan to continue using this model and save 50% of your gross pay for essential expenses.

Suppose you would like to build up an 8-month essential expenses fund over a 15-month period of time. How much do you need to save each month to accomplish your goal?

Need it answered as soon as possible.