MB... Question 7 -... M ezt.prod.mhe... dix B Homework Saved ChatGPT G Dave Krug fin... C www.chegg. Help Save & Exit Submit Check my work Dave Krug finances a new automobile by paying $7,100 cash and agreeing to make 40 monthly payments of $400 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 $ 400 Table Values are Based on: n = 40 = 1% #S Present Value of Loan 3 4 E 5T AR $ D & + Cash Down Payment The = = Present Value of Loan Cost of the Automobile I'm 6 7 8 9 0 Y | O G H J K return