Exercise 5-20 (Algo) Deferred annuities; solving for annuity amount [LO5-8, 5-9] On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $2,200. 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 o financial colculator. Do not round intermediate calculations. Round your final answers to nearest whole dollor omount. (FV of \$1. PV of \$1. EVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1) Exercise 5-20 (Algo) Deferred annuities; solving for annuity amount [LO5-8, 5-9] On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $2,200. 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 o financial colculator. Do not round intermediate calculations. Round your final answers to nearest whole dollor omount. (FV of \$1. PV of \$1. EVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1)