Answer
$\$ 245.66$
Work Step by Step
The amount $A_{f}$ of an annuity consisting of
$n$ regular equal payments of size $R$
with interest rate $i$ per time period
is given by $\displaystyle \quad A_{f}=R\frac{(1+i)^{n}-1}{i}$
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Solving for R, multiply both sides with $\displaystyle \frac{i}{(1+i)^{n}-1}$
$R =\displaystyle \frac{iA_{f}}{(1+i)^{n}-1}$
The compounding is 12 times a year, we are given
$A_{f}=\$ 2000$,
$i=\displaystyle \frac{0.06}{12}=0.005$,
$n=8$.
$R =\displaystyle \frac{(0.005)(2000)}{(1+0.005)^{8}-1}=\$ 245.66$
