Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for 21,550 with the following costs:
Auto Loan: 21,550, duration 4 years, APR, 7.25%
Property taxes: 2.47% percent of vehicle value/year
sales taxes: 2.89% of sales price
title and tags: $47.24
Insurance: 2,275.09 year
Maintenance and usage: 1751.15
The first year cost of ownership for a vehicle purchased for 21,550 is $