Dave Krug finances a new automobile by paying $ cash and agreeing to make monthly payments of $ each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of What is the cost of the automobile? PV of $ FV of $ PVA of $ and FVA of $
Note: Use appropriate factors from the tables provided. Round "Table Factor" to decimal places.
tableMonthly Payment,,Table Factor,,tablePresent Value ofLoanTable Values are Based on:niPresent Value of Loan,,tableCash DownPaymenttableCost of theAutomobile
