Final answer:
Abdol needs to transfer $524.568 from his other accounts to his emergency fund to reach a balance that is four times his monthly bills of $700, totaling $2,800, by year-end.
Step-by-step explanation:
The subject of this question is budgeting within personal finance, which involves applying mathematics to manage one's money effectively. Given the monthly bills of $700, Abdol needs to have four times this amount in his emergency fund by the end of the year. He currently has $2,275.432 in the account.
To find out how much more money Abdol needs to transfer to his emergency fund to reach his goal, we multiply his monthly bills by four and then subtract his current emergency fund balance. So:
Desired emergency fund amount = Monthly bills × 4 = $700 × 4 = $2,800
Amount to transfer = Desired amount - Current balance = $2,800 - $2,275.432 = $524.568
Therefore, Abdol must shift $524.568 from his other accounts to his emergency fund to meet his goal. It's important to note that any potential interest earned in the emergency fund has not been factored into this calculation, as no interest rate was provided.