Tony Ring wants to attend Northeast College. He will need $$60,0004$ years from today. Assume Tony's bank pays $4\%$ interest compounded semiannually.

What must Tony deposit today so he will have $$60,000$ in $4$ years? $($Use the Table $12\mathrm{.}3$ provided.$)$

Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount.

Amount to be deposited