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On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $1,400, In order to increase sales, Acme allows customers to pay in

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On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $1,400, In order to increase sales, Acme allows customers to pay in installments and will defer any payments for six months. Antonlo 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. (EV of \$1, PV of \$1. EVA of $1, PVA of S1. EVAD of \$1 and PVAD of \$1)

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