Answer
$43411.15\ dollars$
Work Step by Step
Given $A=45000, r=0.036, n=12, t=1\ yr$, we have:
$A=P(1+\frac{r}{n})^{nt}\longrightarrow 45000=P(1+\frac{0.036}{12})^{12(1)}\longrightarrow P\approx 43411.15\ dollars$
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