Automotive Excellence Inc. borrowed $16,000.00 on April 8 with an interest rate of 10.8% per annum. On June 17, $4800.00 was repaid, and on August 9, $5500.00 was repaid. Automotive Excellence paid the balance of the loan on December 1. What was the final payment?

The final payment was $_____. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)