TeX source:
\begin{aligned}&\mathrm{x}\left(\frac{1+.08}{12}\right)^{240}=\frac{1000\left[\left(\frac{1+0.08}{12}\right)^{240}-1\right]}{\frac{0.08}{12}} \\&\mathrm{x} \cdot(4.9268)=1,000 \cdot(589.02041) \\&\mathrm{x} \cdot 4.9268=589,020.41 \\&\mathrm{x}=119,554.36\end{aligned}