In $9$ months, Alex will need $$1,440\mathrm{.}00$ to pay his college tuition. How much does he need to invest today into an account earning an an interest rate of $7\mathrm{.}022\%$ compounded monthly, so that he has enough money to pay his tuition?

The amount Alex needs to invest is

$($Note: Your answers should include a dollar sign and be accurate to two decimal places$)$