You want to purchase a new car in 4years and expect the car to cost ?$54,000. Your bank offers a plan with a guaranteed APR of 5.5% if you make regular monthly deposits. How much should you deposit each month to end up with ?$54,000 in 4 years?
You should invest ?$_____ each month. (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as? needed.)