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Duke plans to retire in 20 years and has just established a personal retirement account where...

Duke plans to retire in 20 years and has just established a personal retirement account where the annual return rate is 8%. If at the end of every month in the coming 20 years, Duke will deposit $500 in the retirement account, what’s the monthly amount (at the end of each month) he can withdraw from this retirement account in the 10 years after retirement (Duke will have a zero balance after the last withdrawal)?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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