Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $17,160 with auto loan: amount - $17,160, duration - 4 years, APR - 7.25 percent Property taxes: 1.48 percent of vehicle value per year Sales taxes: 3.37 percent of the sales price Title and tags: $29.01 per year Maintenance and usage costs: $1,381.35 per year Insurance: $1,631.96 per year
