Question: A woman, with her employer's matching program, contributes $700 at the end of each month to her retirement account, which earns 9% interest, compounded

A woman, with her employers matching program, contributes ( $ 700 ) at the end of each month to her retirement account, w

A woman, with her employer's matching program, contributes $700 at the end of each month to her retirement account, which earns 9% interest, compounded monthly. When she retires after 49 years, she plans to make monthly withdrawals for 26 years. If her account eams 7% 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 $ (Simplify your answer. Round to the nearest cent as needed.).

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