Managerial Accounting

Check my work 8 Dave Krug finances a new automobile by paying $6,900 cash and agreeing to make 40 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 EVA of $1) (Use appropriate factor(s) from the tables provided. 2.22 Round "Table Factor" to 4 decimal places.) points Monthly Payment Table Factor Present Value of Loan eBook Table Values are Based on: n Hint Present Value of Cash Down Cost of the Print Loan Payment Automobile References