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Exercise 5-18 (Algo) Solving for unknown annuity payment; installment notes [ LO5-9, 5-10] Don James purchased a new automobile for $13,000. Don made a cash

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Exercise 5-18 (Algo) Solving for unknown annuity payment; installment notes [ LO5-9, 5-10] Don James purchased a new automobile for $13,000. Don made a cash down payment of $3,250 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Flnancing is avallable at a 24% annual interest rate. QV of S1. PV ofS1. EVA of S1, PVA of S1. PVAD of S1 and PVAD ofSi) (Use oppropriate fector(s) from the tobles provided.) Required: Calculate the amount of the required monthly payment. (Do not round intermediate calculations. Round your final answer to nearest whole dollor omount.)

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