Exercise B$-9($Algo$)$ Present value of an annuity LO P$3$

Dave Krug finances a new automobile by paying $$5,600$ cash and agreeing to make $10$ monthly payments of $$550$ 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 $ $)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

$\backslash$table$[[$Monthly Payment,,Table Factor,,$\backslash$table$[[$Present Value of$],[$Loan$]]],[,,,=,],[$Table Values are Based on:$],[,=,,,],[,=,,,],[$Present Value of Loan,,$\backslash$table$[[$Cash Down$],[$Payment$]],,\backslash$table$[[$Cost of the$],[$Automobile$]]],[,,,=,]]$