Question
Determine the monthly cost for your car. This should include fixed costs (loan payment, insurance, registration, etc.) AS WELL AS variable costs (gas, oil, wipers,
Determine the monthly cost for your car. This should include fixed costs (loan payment, insurance, registration, etc.) AS WELL AS variable costs (gas, oil, wipers, tires, air filter, brakes, repair & maintenance, parking, tolls (if any), etc.) If you have an annual expense such as registration, divide the annual cost by 12 to determine the monthly cost. Show this calculation. For a regular cost such as gas, show the cost for a typical week and then determine the monthly cost. Show this calculation. For costs dependent on the number of miles logged on your car such as an oil change, discuss your annual mileage then breakdown the expenses that would occur throughout the year. For example, show how many miles between every oil change/tire rotation/new tires/new wipers then determine number of times you would have this expense based on the mileage logged for the year then divide by 12 to show the monthly cost. Show this calculation. For costs that may occur after 40,000+/- miles such as new tires, determine number of months to reach this mileage (even if greater than one year) then determine cost per month for this cost. Show this calcuation. Explain your numbers. Show the total for monthly fixed costs, the total for monthly varilable costs, and the total monthly costs (fixed + variable) Also, look up the current value of your car on Kelley Blue Book (www.kbb.com) Provide the link to the kbb page and give the value. [Note: If you do not have a car, then complete the assignment for your parent's car, a family member's car, or a friend's car. Click on the title above and submit assignment by typing answer in the submission box. Do NOT submit by attachment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started