Question: please show step by step solution and formula and not excel solution if possible. thank you! Jesse wants to accumulate at least $55,000 by depositing

please show step by step solution and formula and not excel solution if possible. thank you!

Jesse wants to accumulate at least $55,000 by depositing $900 at the end of every month into a fund that earns interest at 4.50% compounded monthly. a. How many deposits does he need to make to reach his goal? Round to the next payment b. How long will it take Jesse to reach his goal? years months Express the answer in years and months, rounded to the next payment period

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