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Don James purchased a new automobile for $27.000. Don made a cash down payment of $6.750 and agreed to pay the remaining balance in 30

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Don James purchased a new automobile for $27.000. Don made a cash down payment of $6.750 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. (FV of $1. PV of $1. FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Requlred: Calculate the amount of the required monthly payment. (Do not round Intermedlate calculations. Round your final answer to nearest whole dollar amount.) Monthly payment

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