Mike Gioulis would like to have $23,000 in 4 years to pay off a balloon payment on his business mortgage. His money market account is paying 1.825% compounded daily. Disregarding leap years, how much money (in $) must Mike put in his account now to achieve his goal? Round to the nearest whole dollar.

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Q: how much must he put down? (Round your answer to the nearest cent.)

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