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Homework: HW# 15 section 5.4 Save in Out 18 of 19 (17 complete) HW Score: 84.21%, 16 of 19 pts Score: 0 of 1 pt

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Homework: HW# 15 section 5.4 Save in Out 18 of 19 (17 complete) HW Score: 84.21%, 16 of 19 pts Score: 0 of 1 pt 5.4.47-BE Question Help A woman, with her employer's matching program, contributes $400 at the end of each month to her retirement account, which earns 9% interest, compounded monthly When she retires after 40 years, she plans to make monthly withdrawals for 25 years. It her account earns 7 interest.compounded monthly, then when she retires, what is het m u m possible monthly withdrawal (without running out of money? The maximum possible monthly withdrawal is approximately (Simplify your answer. Round to the nearest cent as needed)

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