Che 10 Exercise B-9(Algo) Present value of an annuity LO P3 6.25 points Dave Krug finances a new automobile by paying $6.900 cash and agreeing to make 10 monthly payments of $540 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.) eBook Table Factor Present Value of Loan Monthly Payment $ 540 Table Values are Based on: n Hint Print Present Value of Loan Cash Down Payment Cost of the Automobile Reference