Check my work 6 Dave Krug finances a new automobile by paying $6,800 cash and agreeing to make 30 monthly payments of $480 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 EVA of $1) (Use appropriate factor(s) from the tables provided. Round PVA factor to 4 decimal places.) 0.25 points Doce Present Value of Loan Hir Monthly Payment Table Factor $ 480 x Table Values are Based on n 30 1% Present Value of Loan Cash Down Payment 6,800 = Cost of the Automobile