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Business, 26.02.2020 02:03 biggz8232

Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $21,550 with the following costs:

Auto Loan : Amount, $21,550; Duration, 4 years; APR, 7.50 percent
Property Taxes : 2.97 percent of vehicle value/year
Sales Taxes : 1.56 percent of the sales price
Title and Tags : $52.94/year
Insurance : $1,501.45/year
Maintenance and Usage : $1,833.75/year

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