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Given the following information about costs of automobile ownership, what is the total cost of ownership for the first year? - First-year depreciation: $3000 -

Given the following information about costs of automobile ownership, what is the total cost of ownership for the first year? - First-year depreciation: $3000 - Auto insurance cost: $200 - Registration and license: $250 - Regular oil changes: $120 - Monthly loan payment: $240 - Gasoline: $1490 $7700 $3570 $7940 $5060

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