Calculate the estimated monthly and annual expenses to own and operate the following vehicle. For the cost of fuel use $3.00 per gallon. Justify your answers by providing specific information.

Base price: $29000
Discount: 7%
Dealer preparation fee: $400
Destination charges: $525
Additional option: $2500
Down payment: $3000
Interest rate: 8.5% annually for 5 years
Estimate fuel economy: 24 mpg
Depreciation: 7% per year
Insurance Premiums: $100 per $1000 value
Regular Maintenance: $175 per event, 4 events annually
Unexpected repairs: $750 annually
Tires: $500 per set every 24 months
Average miles driven: 75000 annually

Question

01-07-2024
Mathematics

Answered

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Calculate the estimated monthly and annual expenses to own and operate the following vehicle. For the cost of fuel use $3.00 per gallon. Justify your answers by providing specific information.

Base price: $29000
Discount: 7%
Dealer preparation fee: $400
Destination charges: $525
Additional option: $2500
Down payment: $3000
Interest rate: 8.5% annually for 5 years
Estimate fuel economy: 24 mpg
Depreciation: 7% per year
Insurance Premiums: $100 per $1000 value
Regular Maintenance: $175 per event, 4 events annually
Unexpected repairs: $750 annually
Tires: $500 per set every 24 months
Average miles driven: 75000 annually

Sagot :

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