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Dave Krug finances a new automobile by paying $7,300 cash and agreeing to make 30 monthly payments of $560 each, the first payment to be

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Dave Krug finances a new automobile by paying $7,300 cash and agreeing to make 30 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. EV of $1. PVA 0f $1, and FVA of $1 (Use appropriate factor(s) from the tables provided, Round "Table Factor" to 4 decimal places.) Table Factor Present Value of Loan Monthly Payment 560 Table Values are Based on: n Present Value of Loan Cash Down Payment Cost of the Automobile

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