ricky bobby wants to buy a new automobile for $36,000 in 8 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 5.00% 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).
