You are ready for buying your new car. After the downpayment, you need to pay $400 a month for five years term. If quoted auto loan rate is 6.0% APR compounded monthly, how much auto loan can you borrow for your new car purchase? (Round your answers to two decimals , enter without "$ " or ", ", for example, or example, if your answer is 12345.126, round to 12345.13.