Ivan has always dreamed of opening a caf$$ by the seaside. He decides he will save to help open the caf$$ by depositing money in an ordinary annuity that earns

$4\mathrm{.}8\%$ interest, compounded monthly. Deposits will be made at the end of each month.

How much money will he need to deposit into the annuity each month for the annuity to have a total value of $$24,000$ after $7$ years?