1. Determine the total first-year cost of car ownership for Milagros. She has jus purchased a vehicle valued for $21,550 with the following costs: Auto Loan: Amount $21,550, Duration -4 years, APR -7 percent Property Taxes: .9 percent of vehicle value/year Sales Taxes: 1.95 percent of the sales price Title and Tags: \$51.84/year Maintenance and Usage Costs: $1,117.03/ year Insurance: $1,547.65/ year