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You have a goal of building an emergency account. You open the account with $1,000 and have a goal to build it to 12 months
"You have a goal of building an emergency account. You open the account with $1,000 and have a goal to build it to 12 months worth of living expenses. You figured you could live for one year off $35,000. How many years, will it take you to reach your goal if interest compounds monthly at 4.5% and you are putting $500 into the account each month? (Round your answer to the nearest year)" Please show work to be entered in calculator.
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