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You are researching buying your first car and have found the following information. Use the information below to calculate how much owning the car will

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You are researching buying your first car and have found the following information. Use the information below to calculate how much owning the car will cost you over 5 years. (Note: Not all information is usefuleeded) . . Purchase Price: $20,000 4--Year Auto Loan payment: $450 per month Depreciation: 10% of the original price each year Checkups/Oil changes: $100 per year 5-year Average Repair Costs: $3,000 Insurance: $1,200 per year Gas cost: $3,000 per year

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