Dave Krug finances a new automobile by paying $5,500 cash and agreeing to make 40 monthly payments of $420 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 SI. PV of SI PVA of 51, and FVA 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 Table Values are Based on: Present Value of Loan Cash Down Payment Cost of the Automobile