Answer:
1000=N(1 + .08/12)^36 where N is the initial deposit.
So 1000=N(1.00666667)^36
N=1000/(1.00666667)^36
ln N=ln 1000/(1.00666667)^36=ln 1000-36 ln (1.00666667)
ln N=6.6685517411100682158933244766027
N=e^6.6685517411100682158933244766027=$787.25463 as the initial deposit.
