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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 |
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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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