Dave Krug finances a new automobile by paying $5,500 cash and agreeing to make 20 monthly payments of $500 each, the firs 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 ) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places