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10 On April 1, 2021 John Vaughn purchased appliances from the Acme Appliance Company for $2,000 in order to increase sales, Acme allows customers to

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10 On April 1, 2021 John Vaughn purchased appliances from the Acme Appliance Company for $2,000 in order to increase sales, Acme allows customers to pay in installments and will deler any payments for six months. John will make 18 equal monthly payments, beginning October 2021 The annual interest rate implicit in this greement is 24% FV51 PV of St PVA of St. PVA of SLEVAD of 5) and PVAD of 5) (Une appropriate factor(s) from the tables provided.) Required: Calculate the monthly payment necessary for Jonn to pay for his purchases. (Do not round intermediate calculations. Round your final answer to nearest whole delle amount.)

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