dix B: Homework Saved Exercise B-9 Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 10 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) (Use appropriate factor(s) from the tables provided. Round PVA factor decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are based on: Present Value of Cost of the Loan Cash Down Payment $ 6,400 Automobile -