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Dave Krug finances a new automobile by paying $5.900 cash and agreeing to make 40 monthly payments of $440 each, the first payment to be

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Dave Krug finances a new automobile by paying $5.900 cash and agreeing to make 40 monthly payments of $440 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 S1. EVO 51. PVA of $1. and FVA $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

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