Exercise $5-20($Algo$)$ Deferred annuities; solving for annuity amount $[$LO$5-8,5-9]$

On April $1,2024,$ Antonio purchased appliances from the Acme Appliance Company for $$900.$ In order to increase

sales, Acme allows customers to pay in installments and will defer any payments for six months. Antonio will make $18$

equal monthly payments, beginning October $1,2024.$ The annual interest rate implicit in this agreement is $24\%.$

Required:

Calculate the monthly payment necessary for Antonio to pay for his purchases.

Note: Use tables, Excel, or a financial calculator. Do not round intermediate calculations. Round your final answers

to nearest whole dollar amount. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$