Joaquin and The Cost of a New Television Joaquin recently graduated from college and moved into his first apartment. He visits an electronics store to find a plasma television and is approached by a salesperson who tells him about the current store offer of no interest for one year. Joaquin decides that he should purchase the television and take advantage of this free money while it is available. He puts the entire purchase of $1,164.94 (including tax) on his credit card and takes the plasma television home with him. 1 What should Joaquin's monthly payments be if he intends to pay off the television in full before the year is up? 2 Joaquin misses a payment by two days and now has to pay the interest charges for the entire year. If the APR is 22.9%, how much does he owe for the accrued interest? 3 How would the television purchase impact other areas of Joaquin's life