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Exercise B - 9 ( Algo ) Present value of an annuity LO P 3 Dave Krug finances a new automobile by paying $ 6

Exercise B-9(Algo) Present value of an annuity LO P3
Dave Krug finances a new automobile by paying $6,300 cash and agreeing to make 30 monthly payments of $410 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.
\table[[Monthly Payment,,Table Factor,,\table[[Present Value of],[Loan]]],[410,x,,=,],[Table Values are Based on:],[n,=,30,,],[i,=,1%,,],[\table[[Present Value of Loan]],,\table[[Cash Down],[Payment]],,\table[[Cost of the],[Automobile]]],[+,6,300,=,]]
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