\( \leftarrow \quad \) Round to the nearest cent. \( \$ 54,037.76429 \) \( \$ 54,037.76429 \approx \$ \square \) (Round to the nearest cent.)

When rounding to the nearest cent, you focus on the thousandths place, which is the third digit to the right of the decimal point. In this case, we have \(54,037.76429\). The digit in the thousandths place is 4, which is less than 5. Therefore, you round down. The resulting value rounded to the nearest cent is \( \$54,037.76 \). In practice, rounding is crucial for financial transactions to ensure accurate billing and accounting. For example, in invoicing, it's important to present amounts clearly to avoid miscalculations and disputes. Always remember to follow the rounding rules to maintain transparency!