Exercise 5-18 (Algo) Solving for unknown annuity payment; installment notes (LO5-9,5-10) Don James purchased a new automobile for $27,000. Don made a cash down payment of $6,750 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. (EV 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.) Required: Calculate the amount of the required monthly payment. (Do not round intermediate calculations. Round your final answer to neares whole dollar amount.) Monthly payment