i would like to see the process and it be shown in print.

Decide whether the following statement makes sense or does not make sense. Explain your your reasoning. If interest rates stay at 5% APR and I continue to make my monthly $75 deposits into my retirement plan, I should have at least $20,000 saved when I retire in 20 years. The statement makes sense because I will have 30427,53 in my retirement account when I retire in 20 years. (round to the nearest cent as needed)