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Dave Krug finances a new automobile by paying $7,400 cash and agreeing to make 10 monthly payments of $420 each, the first. payment to be

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Dave Krug finances a new automobile by paying $7,400 cash and agreeing to make 10 monthly payments of $420 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 to 4 decimal places.) . FV of \$1. PVA of $1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor

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