Answer
$952.3
Work Step by Step
We are given $S=50.000, i=\frac{0.12}{4}=0.03, n=8\times4=32$
$S=R[\frac{(1+i)^{n}-1}{i}]$
so $\rightarrow R=\frac{50.000}{[\frac{(1+0.03)^{32}-1}{0.03}]} \approx \$952.3$
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