Question: Bob plans to work for 30 years. While working he will deposit $300 into a retirement account each month. The account pays an APR of

Bob plans to work for 30 years. While working he will deposit $300 into a retirement account each month. The account pays an APR of 6% compounded monthly. After working for 30 years, Bob retires. At retirement, Bob establishes a 34 year annuity. The amount of money Bob can withdraw each month for 34 years would be Round your answer to the nearest penny

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