A woman, with her employer's matching program, contributes $600 at the end of each month to her retirement account, which earns 5% interest, compounded monthly. When she retires after 49 years, she plans to make monthly withdrawals for 31 years. If her account earns 4% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? The maximum possible monthly withdrawal is approximately S (Simplify your answer. Round to the nearest cent as needed.)

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A:

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