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Not sure how to solve Save HW App B. Time Value of Money 21 Exercise B-9 Present value of an annuity LO P3 points Dave
Not sure how to solve Save HW App B. Time Value of Money 21 Exercise B-9 Present value of an annuity LO P3 points Dave Krug finances a new automobile by paying $6,900 cash and agreeing to make 30 monthly payments of $440 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 OLS.D (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) cBook Monthly Payment Table Factor Present Value of Loan Tahle Values are based on: Print 1 Present Value of Loon Cash Down Payment Cost of the Automobile References
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