Suppose you start saving today for a $$40,000$ down payment that you plan to make on a house in $8$ years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $$40,000$ goal in $8$ years.

An account with daily compounding and an APR of $7\%$

You should invest $$.$

$($Do not round until the final answer. Then round to two decimal places as needed.$)$