A person purchased a television for $750 and agreed to pay for it in 24 equal monthly installments, beginning one month after the purchase. The contract also stipulates that the buyer must pay annuities equivalent to three monthly payments in December of both years. If the television was purchased on January 1 of year 1, you will have to pay, in December of year 1 and December of year 2, four monthly payments in each period (one normal plus the annuity). If the interest that
charged is 1% monthly, how much are the monthly payments?