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1. Determine the total first-year cost of car ownership for Milagros. She has just purchased a vehicle valued for $15,000 with the following costs o

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1. Determine the total first-year cost of car ownership for Milagros. She has just purchased a vehicle valued for $15,000 with the following costs o Auto Loan: Amount_$15,000, Duration 4 years, APR-6.65 percent o Property Taxes: 2 percent of vehicle value/year Sales Taxes: 3 percent of the sales price Title and Tags: $40/year o Maintenance and Usage Costs: $1,500/year o Insurance: $2,000/year

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