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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation $ 2 , 5 0 0 Current year s loan interest $ 1 ,
You have gathered the following vehicle costs:
Vehicle Costs
Annual depreciation $
Current years loan interest $
Insurance $
License and registration fees $
Parking and tolls $
Annual mileage
Miles per gallon
Average gasoline price $ per gallon
Oil changes and repairs $
Calculate the annual variable and fixed costs of the vehicle.
Compute the operating cost per mile.
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