Find the Payment That Should Be Used for the Annuity $\$ 118,000$

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.
- $\$ 118,000$ ; monthly payments for 8 years; interest rate $9 \%$ .

A) $\$ 837.44$
B) $\$ 289.52$
C) $\$ 2501.27$
D) $\$ 849.80$