Exercise B-9 (Algo) Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $7.300 cash and agreeing to make 30 monthly payments of $460 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 OLS1. PVA of S1, and EVA of S1) (Use appropriate factor(s) from the tables provided. Round "Toble Factor" to 4 decimal places.) Table Factor Monthly Payment 450 Table Values are Based on: n Present Value of Loan 8.120 52 18 0456 30 = Present Value of Loan Cash Down Payment 7 3001 - Cost of the Automobile 8,120 52 $ 15 420 52