8. A man aged 45 (you may assume he just turned 45) will put $2000 into a fund at the end of each quarter for the next 20 years. The fund is credited with a nominal rate of 6.00% compounded quarterly. Starting at age 65 he will receive a monthly annuity at the end of each month for the next 20 years. During this time the fund will earn 6.00% compounded annually. Assuming that the annuity payments exhaust the fund, what is the monthly amount of his annuity