Answer
$11942.6
Work Step by Step
We are given $P=90000, i=0.08, n=12$
the formula is $P=R[\frac{1-(1+i)^{-n}}{i}]$
so $\rightarrow R=\frac{P}{[\frac{1-(1+i)^{-n}}{i}]}$
$=\frac{90000}{[\frac{1-(1+0.08)^{-12}}{0.08}]}\approx \$11942.6$
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