Exercise 5-18 (Algo) Solving for unknown annuity payment; installment notes (LO5-9, 5-10] 4 Don James purchased a new automobile for $24,000. Don made a cash down payment of $6,000 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. (FV of $1, PV of $1. FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 2 points Required: Calculate the amount of the required monthly payment. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.) eBook Hint Monthly payment Print References