Dave Krug finances a new automobile by paying $7,100 cash and agreeing to make 20 monthly payments of $470 each, the first payment to be made one month after the purchase. The loan bears interest ot on annual rate of 12%. What is the cost of the automobile? (PV of S1. FV of \$1. PVA of \$1, and FVA of S1) (Use appropriate factor(S) from the tables provided. Round "Table Factor" to 4 decimal places.)