Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 20 monthly payments of $580 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. EV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Facto to 4 decimal places.) Answer is complete but not entirely correct. Monthly Payment 580 Table Values are Based on: n Table Factor 18.0460 201 1% Present Value of Loan 18,000.00 Present Value of Loan Cash Down Payment Cost of the Automobile 18,000.00 6.400 18.000.00