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A woman, wth her employe's matching program, contributes $500 at the end of each month to her retirement account, which earns 5% interest, compounded monthly.

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A woman, wth her employe's matching program, contributes $500 at the end of each month to her retirement account, which earns 5% interest, compounded monthly. When she retires after 41 years, she plans to make monthly withdrawals for 27 years. If her account eams 4% interest, compounded monthy, then when she retires, what is her maximum possible monthly withdraval (without running out of moncy)? The maximum possible monthly wthdrawal is approximately $ (Simpity your answer. Round to the noarest cent as needed)

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