Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $21550 with the following costs: Auto Loan : Amount, $21550; Duration, 4years; APR, 8.00 percent Property Taxes : 2.10 percent of vehiclevalue/year Sales Taxes : 2.57 percent of the sales price Title and Tags : $23.84/year Insurance : $1889.65/year Maintenance and Usage : $1571.02/year
The first-year cost of ownership for a vehicle valued and purchased for $21550 is $
