Dave Krug finarces a new automoble by poying $6,500 cash and agreeing to make 40 monthly poyments of $500 each, the first Davment to be made one month after the purctiase. The loan bears interest at an annual rate of 12%. What is the cost of the Note: Use opproptlate fector(s) from the tables provided. Round "Table Factor" to 4 decimal places. automobile? (PV of S1. PV of 51, PVA of S1. and EVA of \$1)