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On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $2,100. 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 $2,100. In order to increase sales, Acme allows customers to pay in instailments 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 S1, PV of S1, EVA of \$1, PVA of \$1, EVAD of S1 and PVAD of \$1)

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