Dave Krug finances a new automobile by paying $6,600 cash and agreeing to make 10 monthly payments of $560 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 $1) (Use appropriate factor(s) from the tables provided. Round PVA factor to 4 decimal places.) Answer is complete but not entirely correct. Monthly Payment Present Value of Loan x Table Factor 6.8137 x$ 3,815.67 Table Values are Based on: 10 12% Present Value of Loan Cash Down Payment Cost of the Automobile $ 3,815.67 |+$ 6,600= |$ 10,415.67