Answer:
They need more $10,700 in their account to reach their goal.
Explanation:
Current Account Balance = $2,800
Expenses = $54,000 per year = 54,000 /12 = $4,500 per month
Coverage Ratio = 3
Coverage ratio = Balance in account / Monthly Expense
3 = Balance in account / $4,500
Balance in account = 4,500 x 3
Balance in account = $13,500
More amount required to reach the goal = $13,500 - $2,800 = $10,700
