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 useful/needed)

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