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When his aunt died, Ariel inherited an annuity paying $ 2 2 comma 0 0 0 every year into a savings account for four years.

When his aunt died, Ariel inherited an annuity paying $22 comma 000 every year into a savings account for four years. The terms of the will state that he cannot withdraw any money for the first four years, and then he can withdraw equal amounts at the end of each year for eight years. If interest is 4.55% compounded annually, what will be the size of each withdrawal?
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Part 1
Each withdrawal is $
enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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