Order the answer to: Determine the total first-year cost…
|Question||Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $15,000 with the following costs:
Auto Loan: Amount—$15,000, Duration—4 years, APR—6.65 percent
Property Taxes: 2 percent of vehicle value/year
Sales Taxes: 3 percent of the sales price
Title and Tags: $40/year
Maintenance and Usage Costs: $l,500/year
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