Dave Krug finances a new automobile by paying $6,800 cash and agreeing to make 30 monthly payments of $590 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 PVA factor to 4 decimal places.)

Monthly Payment	x	p (PV of an Ordinary Annuity)	=	Present Value of Loan
	x		=
Table Values are Based on:
n	=	30
i	=	1.0%
Present Value of Loan	+	Cash Down Payment	=	Cost of the Automobile
	+		=