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Determine the total first - year cost of car ownership for Milagros. She just purchased a vehicle valued for $ 1 4 , 5 4

Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $14,540 with the following costs: Auto Loan: Amount$14,540, Duration4 years, APR8.25 percent Property Taxes: 1.71percent of vehicle value/year Sales Taxes: 3.39percent of the sales price Title and Tags: $41.71/year Maintenance and Usage Costs: $1,561.43/year Insurance: $2,487.41/year

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