1 points eBook Hint Dave Krug finances a new automobile by paying $7,200 cash and agreeing to make 30 monthly payments of $530 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1. EV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Print 530 References Table Values are Based on: n = 30 Present Value of Loan Cash Down Payment 1% Cost of the Automobile