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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 :

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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 : Amount, $21,550; Duration, 4 years; APR, 7.25 percent Property Taxes : 2.16 percent of vehicle value/year Sales Taxes : 2.18 percent of the sales price Title and Tags : $28.33/year Insurance : $2,121.53/year Maintenance and Usage : $1,396.55/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.)

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