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Don James purchased a new automobile for $19,000. Don made a cash down payment of $4,750 and agreed to pay the remaining balance in 30

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Don James purchased a new automobile for $19,000. Don made a cash down payment of $4,750 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase Financing is available at a 24% annual interest rate (EV of S1, PV of S1. EVA or S1. PVA of S1. FVAD of S1 and PVAD of S1) (Use oppropriate foctor(s) from the tobles provided.) Required: Calculate the amount of the required monthly payment. (Round your final answers to nearest whole dollar amount.) On April 1, 2018, John Vaughn purchased appliances from the Acme Appliance Company for $1,900. In order to increase sales, Acme allows customers to pay in installments and will defer any payments for six months. John will make 18 equal monthly payments, beginning October 1, 2018. The annual interest rate implicit in this agreement is 24\%. (EV of S1. PV of S1. FVA of S1. PVA of S1. FVAD of S1 and PVAD of S1) (Use oppropriote foctor(s) from the tables provided.) Required: Calculate the monthly payment necessary for John to pay for his purchases. (Do not round intermediate calculations. Round your final answers to nearest whole dollor amount.)

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