Question: Steve has decided to save 2 1 , 5 9 8 dollars at the end of every year from now on ( no deposit today

Steve has decided to save 21,598 dollars at the end of every year from now on (no deposit today). If he keeps doing this over the next 31 years and deposits those dollars in a savings account that yields 7% per year, what will be the maximum dollar amount that Steve will be able to withdraw at the end of those 31 years? (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas) Only use the interest compounding method (not the simple method).

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