James starts saving at the age of 25 in an annuity which is paying 4% interest compounded monthly by depositing $200 every month till the age of 35. He then gets a much better job and starts saving $600 every month till the age of 55.. However, with children starting college, he is unable to save anything till the age of 65 when retires. How much can he withdraw each quarter during 10 years of retirement if this annuity is now (during the withdrawal phase) paying 8% interest per year (compounding quarterly)?