27 Dave Krug finances a new automobile by paying $5,600 cash and agreeing to make 10...

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27 Dave Krug finances a new automobile by paying $5,600 cash and agreeing to make 10 monthly payments of $530 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 Values are Based on: n = Present Value of Loan Present Value of Table Factor Loan Cash Down Payment Cost of the Automobile 27 Dave Krug finances a new automobile by paying $5,600 cash and agreeing to make 10 monthly payments of $530 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 Values are Based on: n = Present Value of Loan Present Value of Table Factor Loan Cash Down Payment Cost of the Automobile