Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 40 monthly payments of $470 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) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan ad Table Values are Based on: n ces Present Value of Loan Cash Down Payment Cost of the Automobile Present Value of 1 p=1/(1+1) Rate Periods 1% 25 3% 5% 6% 7% 8% 9% 10% 12% 15% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 0.9901 0.9803 0.9706 0.9610 0.9515 0.9420 0.9327 0.9235 0.9143 0.9053 0.8963 0.8874 0.8787 0.8700 0.8613 0.8528 0.8444 0.8360 0.8277 0.8195 0.7798 0.7419 0.7059 0.6717 0.9804 0.9612 0.9423 0.9238 0.9057 0.8880 0.8706 0.8535 0.8368 0.8203 0.8043 0.7885 0.7730 0.7579 0.7430 0.7284 0.7142 0.7002 0.6864 0.6730 0.6095 0.5521 0.5000 0.4529 0.9709 0.9426 0.9151 0.8885 0.8626 0.8375 0.8131 0.7894 0.7664 0.7441 0.7224 0.7014 0.6810 0.6611 0.6419 0.6232 0.6050 0.5874 0.5703 0.5537 0.4776 0.4120 0.3554 0.3066 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.6246 0.6006 0.5775 0.5553 0.5339 0.5134 0.4936 0.4746 0.4564 0.3751 0.3083 0.2534 0.2083 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.2953 0.2314 0.1813 0.1420 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 0.2330 0.1741 0.1301 0.0972 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 0.1842 0.1314 0.0937 0.0668 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.1460 0.0994 0.0676 0.0460 0.9174 09091 0.8929 0.8696 0.8417 0.8264 0.7972 0.7561 0.7722 0.7513 0.7118 0.6575 0.7084 0.6830 0.6355 0.5718 0.6499 0.6209 0.5674 0.4972 0.5963 0.5645 0.5066 0.4323 0.5470 0.5132 0.4523 0.3759 0.5019 0.4665 0.4039 03269 0.4604 0.4241 0.3606 0.2843 0.4224 0.3855 0.3220 0.2472 0.3875 0.3505 0.2875 0.2149 0.3555 0.3186 0.2567 0.1869 0.3262 0.2897 0.2292 0.1625 0.2992 0.2633 0.2046 0.1413 0.2745 0.2394 0.1827 0.1229 0.2519 0.2176 0.1631 0.1069 0.2311 0.1978 0.1456 0.0929 0.2120 0.1799 0.1300 0.0808 0.1945 0.1635 0.1161 0.0703 0.1784 0.1486 0.1037 0.0611 0.1160 0.0923 0.0588 0.0304 0.0754 0.0573 0.0334 0.0151 0.0490 0.0356 0.0189 0.0075 0.0318 0.0221 0.0107 0.0037 ed to compute the procent value of new fement Formple: How much would you need to metade 10 de may be a 3.00 in from today?Using the face of 12 undi-50012 semana parada anda semua Value of 1 =(1+ip Rate Periods } 0 1.0000 1.0000 10000 1.0000 1.0100 1.0200 1.0300 10400 1020 1.0404 1.0600 1.081- 3 1.0303 10612 1.0927 1.1249 1.0406 1.0824 1.1255 1.169 1.0510 1.1041 1.1593 1.2167 6 1.06 15 1.1262 1.1941 1.2653 1 1.0721 1.1427 1.229 13159 1.0829 1.1717 12668 13686 9 1.0937 1.1951 13048 1.42 10 1.1046 1.21 1349 1,4802 11 1.1157 12434 1242 1.53% 12 1.1268 1.2682 1.4258 16010 13 1181 1.29% 1.4685 1,6651 14 1.1495 1.31% 15126 17317 15 1610 13459 1. SEED 1.9000 16 11TRE 1.3728 1,6047 18730 17 1.1843 14002 1.6528 19479 16 1.1%, 1.4282 1.7024 20262 9 08 1.4568 1.7535 2 1068 20 1.2202 1.4859 1.BE1 2 1911 - 12824 406 200 2658 13478 1,8114 227 3.2434 1.41% 19999 28139 3.1946] 40 1.4889 22090 3.2520 BO10 1.0000 10500 11025 1.1576 1.2155 12763 1301 1071 1.4775 1.5513 1.6289 17103 17959 SE 19799 2.0789 2.1829 2.29 20 24066 25270 26533 13864 43219 5.5160 7.04CO 10000 1.0600 1.1236 1.1910 12625 1,3382 1.415 15036 1.5918 16895 7908 83 20122 21329 226CM 2396 25404 26928 28543 30256 37071 1919 5.7435 EB61 10 2857 1.0000 10700 1949 12250 13108 1.4026 1.5007 16058 192 18225 19572 2 1049 27522 24096 25795 27590 29522 3158 33799 36165 38697 5.4274 76123 1066 11.9745 1.0000 1,0000 10000 10000 10000 10800 1.0900 1.1000 1.1200 1.1500 1.1664 1.181 12100 125 13225 12597 1980 13310 1.40 15209 13605 14116 1.41 15735 17490 1,4693 15396 1.6105 17622 2011 1.5869 16TT 17716 19722 23131 1718 1.8280 19497 22107 26600 1.8509 19926 21436 24760 30590 19990 2.1719 23579 27731 35179 21589 23674 25937 3.1058 10456 23316 25904 2531 34785 16524 25182 2.8127 21324 38960 S3503 2.7196 30658 34523 4.3635 6.1528 29372 3417 195 8871 70757 21722 36425 TTE 5.4736 827 34299 39703 1990 6.1304 93576 37000 1326 SSME 5.8E60 10. 7613 3960 5.5599 TESCO 123755 13157 5.1417 =1159 2628 14.2318 E610 5.044 6. T25 9.E463 16665 6.845 & G23 10 H36 170001 29190 10.0627 13267 17.44 9599 62118 14.7857 20.4740 28 1024 2.1996 1331-5 T245 14091 5 2592 93 0510 2678635 Used to come the future value of a known presentamount For sample: What is the accumulated value of $3,000 invested today compounded quarterly the condi2 20 quarterly periods and use in ects to Earn 10... Acct 211 appendix b exer P= =(-atom (1 + i)" TABLE B.3: Present Value of an Annuity of 1 Rate Periods 1% 3% 5% 6% 7% 8% 9% 10% 12% 15% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 0.9901 0.9804 1.9704 1.9416 2.9410 28839 39020 3.8077 48534 4.7135 5.7955 5.6014 6.7282 6.4720 7.6517 7.3255 8.5660 8.1622 9.4713 8.9826 10.3676 9.7868 11.2551 10.5753 12.1337 11.3484 13.0037 12.1062 13.8651 12.8493 14.7179 13.5777 15.5623 14.2919 16.3983 14.9920 17.2260 15.6785 18.0456 16.3514 22.0232 19.5235 25.8077 22.3965 29.4086 24.9986 328347 27.3555 0.9709 1.9135 28286 3.7171 4.5797 5.4172 6.2303 7.0197 7.7861 8.5302 9.2526 9.9540 10.6350 11.2961 11.9379 12.5611 13.1661 13.7535 14.3238 14.8775 17.4131 19.6004 21.4872 23.1148 0.9615 1 8861 2.7751 3.6299 4.4518 5.2421 6.0021 6.7327 7.4353 8.1109 8.7605 9.3851 9.9856 10.5631 11.1184 11.6523 12.1657 12.6593 13.1339 13.5903 15.6221 17.2920 18.6646 19.7928 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 112741 11.6896 120853 12.4622 140939 15.3725 16.3742 17.1591 0.9434 1.8334 26730 3.4651 42124 49173 5.5824 6.2098 6.8017 7.3601 7.8869 8.3838 8.8527 9.2950 9.7122 10.1059 10.4773 10.8276 11.1581 11.4699 12.7834 13.7648 14.4982 15.0463 0.9346 1.8080 26243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 70236 7.4987 79427 8.3577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 11.6536 124090 129477 13.3317 0.9259 1.7833 25771 3.3121 3.9927 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 8.8514 9.1216 9.3719 9.6036 9.8181 10.6748 11.2578 11.6546 11.9246 0.9174 0.9091 0.8929 0.8696 1.7591 1.7355 1.6901 1.6257 2.5313 2.4869 24018 2.2832 3.2397 3.1699 3.0373 28550 3.8897 3.7908 3.6048 3.3522 4.4859 4.3553 4.1114 3.7845 5.0330 4.8684 4.5638 4.1604 55348 5.3349 4.9676 4.4873 5.9952 5.7590 5.3282 4.7716 6.4177 6.1446 5.6502 50188 6.8052 6.4951 5.9377 5.2337 7.1607 6.8137 6.1944 5.4206 7.4869 7.1034 6.4235 5.5831 7.7862 7.3667 6.6282 5.7245 8.0607 7.6061 6.8109 5.8474 8.3126 78237 6.9740 5.9542 8.5436 8.0216 7.1196 6.0472 8.7556 8.2014 7.2497 6.1280 8.9501 8.3649 7.3658 6.1982 9.1285 8.5136 7.4694 6.2593 9.8226 9.0770 7.8431 6.4641 10.2737 9.4269 8.0552 6.5660 10.5668 9.6442 8. 1755 6.6166 10.7574 9.7791 8.2438 6.6418 Uued to calculate the presente la series of the end of each period. For intern