How long will the money last? You begin on 1 January 2015 by making an initial deposit of $5,000 to open a savings account at Bank of Mason. This account pays 0.135% interest per month. Every even numbered month, you withdraw $500 to pay your tuition installment balance. At the end of December each year you receive a $2,000 end-of-year bonus from your employer which you deposit into your account. Run your simulation until your account balance goes negative. 1. During what month does you account balance go negative after making the withdrawal?
2. Prepare a plot showing your account for all months.