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HELP ME!!! 7 Dave Krug finances a new automobile by paying $6,000 cash and agreeing to make 40 monthly payments of $560 each, the first
HELP ME!!!
7 Dave Krug finances a new automobile by paying $6,000 cash and agreeing to make 40 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 4 points Monthly Payment Table Factor Present Value of Loan eBook S 560 Table Values are Based on: 10 = Hint Print Present Value of Loan Cash Down Payment Cost of the Automobile ReferencesStep by Step Solution
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