Dave Krug finances a new automobile by paying $6,700 cash and agreeing to make 30 monthly payments of $510 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) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Answer is not complete. Present Value of Monthly Payment Table Factor Loan $ 510 40.5681 Table Values are Based on: n = 30 i = 1% Cash Down Present Value of Loan Payment S 6,700 = Cost of the Automobile