Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 30 monthly payments of $500 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 5) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Values are Based on: n Present Value Table Factor Loan Present Value of Loan Cash Down Payment Cost of the Automobile