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Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $21 comma 55021,550 with the following costs: Auto

Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for

$21 comma 55021,550

with the following costs:

Auto Loan

: Amount,

$21 comma 55021,550;

Duration, 4 years; APR,

9.009.00

percent

Property Taxes

:

2.992.99

percent of vehicle value/year

Sales Taxes

:

4.094.09

percent of the sales price

Title and Tags

:

$29.2629.26/year

Insurance

:

$1 comma 867.851,867.85/year

Maintenance and Usage

:

$1 comma 008.031,008.03/year

Click on the table icon to view the MILPF table

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.

The first-year cost of ownership for a vehicle valued and purchased for

$21 comma 55021,550

is

$nothing.

(Round to the nearest cent.)

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