What is the formula being used here to find the monthly deposit required? I am not able to use excel. I need to be able to solve this by hand, but I am unsure of what equation to use. Please help!

Savings goal Monthly deposit required $ 6,000 $ 233.84 Years to reach goal Interest rate per year 2 years 01 % Compounding Method Daily Monthly To make that monthly deposit, you should set aside: Amount of first deposit $7.69 a day or $53.82 a week $ 100 Date of first deposit 07/23/2020 CALCULATE Show savings schedule