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You collect the following financial data ( in dollars ) about your finances: Checking account balance 5 0 0 Monthly car payment 2 9 6

You collect the following financial data (in dollars) about your finances:
Checking account balance 500
Monthly car payment 296
Car loan, balance 9,456
Car, purchase price 18,999
Monthly living expenses 650
Rent, monthly 1,000
Income, monthly 2,100
You decide to open a savings account and deposit your monthly net income into that new account every month. Ignoring any interest the account earns, how long will it take you to save $1,000?(Refer to Chapter 3, Sections 2 and 3.)

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