You want to purchase a new car in 9 years and expect the car to cost $99,000. Your bank offers a plan with a guaranteed APR of 4.5% if you make regular monthly deposits. How much should you deposit each month to end up with $99,000 in 9 years?

You should invest $__ each month.

(Round the final answer to the nearest cent as needed. Round all the intermediate values to seven decimal places as needed.)