Alfredo Altnor celebrated his 18th birthday by opening a savings account at the Wells Fargo Bank and depositing $1, 600. He continued to deposit the same amount on every subsequent birthday until he was 28 years old. After depositing $1, 600 on his 28th birthday Alfredo decided to abandon his savings plan. He never saved again, but he left the accumulated savings in the bank account. The bank paid an interest rate of 6.5%. When Alfredo turned 65, he withdrew the money from the bank. What was the amount of his withdrawal