Answer
$\$ 245.66$
Work Step by Step
We are given:
$A_{f}=\$ 2000, i= \frac{0.06}{12}=0.005, n=8$
The amount of an annuity is given by:
$A_{f}=R \frac{(1+i)^{n}-1}{i}$
We solve this for $R$:
$R=\frac{iA_{f}}{(1+i)^{n}-1}$
$R=\frac{(0.005)(2000)}{(1+0.005)^{8}-1}=\$ 245.66$
