Based on the data provided here, calculate the items requested: (Obj. 2) Annual depreciation, $2,500 Annual mileage,

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Based on the data provided here, calculate the items requested: (Obj. 2)

Annual depreciation, $2,500 Annual mileage, 13,200 Current year’s loan interest, $650 Miles per gallon, 24 Insurance, $680 License and registration fees, $65 Average gasoline price, $2.10 per gallon Oil changes/repairs, $370 Parking/tolls, $420

a. The total annual operating cost of the motor vehicle.

b. The operating cost per mile.

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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