Question: Exercise 5-20 (Algo) Deferred annuities; solving for annuity amount [LO5-8, 5-9] On April 1, 2024, Antonlo purchesed appliances from the Acme Appliance Compery for $2,000.

Exercise 5-20 (Algo) Deferred annuities; solving for annuity amount [LO5-8, 5-9] On April 1, 2024, Antonlo purchesed appliances from the Acme Appliance Compery for $2,000. In order to increase sales, Acme aliows customers to pay in installments and will defer any payments for six months. Antonio will make 18 equal monthly payments, beginning October 1, 2024. The annual intevest rate implicit in this agreement is 24\%. Required: Calculate the monthly payment necessary for Antonio to poy for his purchases. Note: Use tables, Excel, or a financial caiculator. Do not round intermediate calculations. Aound your final answers to nearest whole dollar amount. (FV of S1, PX or S1, EVA of S1, PVA of S1, EVAD of S1 and PVAD of S1)

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