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Annual deposits of $ 3 , 5 0 0 are placed into a fund for the next 2 8 years. Beginning 1 5 years after

Annual deposits of $3,500 are placed into a fund for the next 28 years. Beginning 15 years after the last deposit, annual withdrawals commence and continue forever. Find the maximum size of the annual withdrawals if the fund earns 6.25% effective. Answer to nearest cent.

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