your older brother heard you are doing well in your business studies and asks you for advice on his retirement savings. He has superannuation already but wishes to make additional savings to have a bit more money when he retires. He is expected to retire in exactly 31. From now, he estimates he can save $5000 into an investment account earning 7.1% compounded annually, every year starting on his next birthday. Then, your brother would like to withdraw an equal annual amount from his account over the 30-year period after his retirement. What is the maximum amount your brother can withdraw in retirement? Enter you answer to the nearest cent (two decimal places).