Question: On April 1 , 2 0 2 4 , Antonio purchased appliances from the Acme Appliance Company for $ 1 , 3 0 0 .

On April 1,2024, Antonio purchased appliances from the Acme Appliance Company for $1,300. In order to increase sales, Acme allows
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 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 $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Answer is complete but not entirely correct. Help me solve. I'd prefer using excels built in formulas. Please.
On April 1,2024, Antonio purchased appliances from the Acme Appliance Company

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