Draper College predicts that in 18 years it will take $300,000 to attend the college for four years. Madison has a substantial amount of cash and wishes to invest a lump sum of money for her childs college fund. How much should Madison put aside in an account with an APR of 7% compounded monthly in order to have $300,000 in the account in 18 years? Round your answer to the nearest cent, if necessary.