Find the Payment That Should Be Used for the Annuity $\$ 48,000$

Multiple Choice

Find the payment that should be used for the annuity due whose future value is given. Assume that the compoundingperiod is the same as the payment period.
- $\$ 48,000$ ; monthly payments for 12 years; interest rate $8.1 \%$ .

A) $\$ 199.03$
B) $\$ 196.88$
C) $\$ 88.87$
D) $\$ 588.93$