Exercise B-9 (Algo) Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $6,400 cash and agreeing to make 30 monthly payments of $490 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. EV of $1. PVA of $1. and EVA of $1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Monthly Payment Table Values are Based on: Present Value of Loan n Table Factor Cash Down Payment Present Value of Loan Cost of the Automobile

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