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determine the first year cost of car ownership 3) Problem P8-1 (similar to) Determine the total first-year cost of car ownership for Milagros. She just

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3) Problem P8-1 (similar to) 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, 8.75 percent Property Taxes : 2.07 percent of vehicle value/year Sales Taxes 3.52 percent of the sales price Title and Tags $52.62/year Insurance $1,920. 14/year Maintenance and Usage : $1,632.94/year Click on the table icon to view the MILPF table The first-year cost of ownership for a vehicle valued and purchased for $21,550 is $ (Round to the nearest cent) Enter your answer is the answer box and then click Check Answer All parts showing

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