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Jones has deposited his life savings of 7 0 6 8 1 in a retirement income plan with a local bank. The bank pays per

Jones has deposited his life savings of 70681 in a retirement income plan with a local bank. The bank pays per 3% year , compounded quartely , on such deposites. What is the maximum fixed amount Jones can widthdraw ath the end of each year and still have the funds last for 13 years?

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