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Determine the total first-year cost of car ownership for Milagros. She has just purchased a vehicle valued for $15,000 with the following costs: Auto Loan:

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Determine the total first-year cost of car ownership for Milagros. She has just purchased a vehicle valued for $15,000 with the following costs: Auto Loan: Amount-$15,000, Duration-4 years, APR-6.65 percent Property Taxes: 2 percent of vehicle value/year Sales Taxes: 3 percent of the sales price Title and Tags: $40/year Maintenance and Usage Costs: $1,500/year Insurance: $2,000/year

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