Joe aged 32 saves 4% of his salary at the end of each year for the next 20 years as a part of his retirement plan. Once the deposits are made, Joe let it accumalate interest till he retires. Joe retires when he is 65 and decides to withdraw equal amounts at the end of each month for the next 15 years. Joe's current salary is $85,000 and the bank offers a return of 6.17%. The monthly interest is .5%
What is the value of the monthly withdraws