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Need help in this C Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 30 monthly payments of $570 each,

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C Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 30 monthly payments of $570 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.) Monthly Payment Table Factor Present Value of Loan $ 6,400 X 25.8077 = $ 14,710.39 Table Values are Based on: n = = 12% Present Value of Cash Down Cost of the Loan Payment Automobile $ 14,710.39 JUN 7 "tv 53 D G

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