By the time you retire exactly at age 65 you will have saved $350,000 into your diversified portfolio of mutual funds, bonds, and T-bills. You expect to move onto the Spirit world at exactly age 85.You do not want to have any money left over when you die. How much can you withdraw at the beginning of each month for the next 20 years if your annual rate of return is 8.5%? (Ignore taxes and inflation.)