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John made a deposit of 1100 into a fund at the beginning of each year for 16 years. At the end of 16 years, he
John made a deposit of 1100 into a fund at the beginning of each year for 16 years. At the end of 16 years, he began making semiannual withdrawals of 3300 at the beginning of each six months, with a smaller final withdrawal to exhaust the fund. The fund earned an annual effective interest rate of 6.09%. Calculate the amount of the final withdrawal. 1,597 1,920 2,559 3,122 4,931
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