14 Appendix B Homework Seved Help Save & Exit Submit 9 Dave Krug finances a new automobile by paying $7,100 cash and agreeing to make 30 monthly payments of $570 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor S 570 x cBook Table Values are Based on: n = 30 = 1% Present Value of Loan = S 14,710.39 S Present Value of Loan Cash Down Cost of the Payment Automobile 14,710.39 + $ 7,100