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Sean has $47,381 in his savings account today. The interest rate is 8.4% p.a. compounded monthly. Sean wants to make 22 equal monthly withdrawals

Sean has $47,381 in his savings account today. The interest rate is 8.4% p.a. compounded monthly. Sean wants to make 22 equal monthly withdrawals starting in one year. Calculate the maximum amount Sean can withdraw every month.

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