dave drug finances a new automobile by ping $7400 cash and agreed to me 30 monthly payments of $590 each the first payment to be made on one month after the purchase the loan bears in interest at an annual rate of 12% what is the cost of the automobile.

Exercise B-9 (Algo) Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $7,400 cash and agreeing to make 30 monthly payments of $590 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) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places