A B D E G H 1 L M N o P Q 4 1 2 3 i 7 TV Cost TV Payments 4 8 9 10 11 12 5 6 7 8 9 10 11 12 New Balance 1 2 Remaining TV Stereo + TV Payments 3 4 5 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 101 Dr. P purchased a new television on July 1st 2018 for $1,500 and used his Visa to pay for it. His plan was to pay the balance within one year. The nominal interest rate on the card is 18% compounded monthly and requires equal monthly payments. After six months of paying for these purchases, Dr. P decided, hey, why not a nice stereo system to go with it? On January 1st 2019 he bought the stereo for $1000 on his credit card. Dr. P still wants to pay the total balance within one year from the date of the first purchase. Assume that the new purchase is to be immediately applied to the unpaid balance and Dr. P made the payment due at the end of December before purchasing the stereo. What is the amount of the payments for the first six months and the amount of the payments for the second six months? BE REALLY CAREFUL ABOUT REMAINING BALANCE AT MONTH 6