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Sang-Shin retired at age 70 with $825,793 in savings. He expects to live off that savings for 12 years, earning 5.9% (compounded monthly) on the

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Sang-Shin retired at age 70 with $825,793 in savings. He expects to live off that savings for 12 years, earning 5.9% (compounded monthly) on the amount that remains, but using up the entire amount of savings by the end of the 12 years. Assuming he withdraws the same amount from his savings each month, how much will each month's withdrawal amount be? (Rounding to the nearest dollar is fine, but don't enter the ' $ ' sign. Enter the amount as a positive number.)

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