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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 :
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, 8.00 percent |
Property Taxes | : 2.93 percent of vehicle value/year |
Sales Taxes | : 3.24 percent of the sales price |
Title and Tags | : $54.21/year |
Insurance | : $1,622.38/year |
Maintenance and Usage | : $1,209.23/year |
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