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Ricky Bobby wants to buy a new automobile for $41,000 in 9 years. How much money must Ricky's original investment be if he makes a

Ricky Bobby wants to buy a new automobile for $41,000 in 9 years. How much money must Ricky's original investment be if he makes a single deposit into an account with monthly compounding and an annual interest rate of 5.80% in order to reach his goal? Round your answer to the nearest cent. Provide only a numerical value for your answer (For example, if your amount came to $5,704.97, then you would type in 5704.97 as your answer).

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