Question: Calculating Motor Vehicle Operating Costs: Using Sheet 38 in the Personal Planner calculates the approximate yearly operating cost of the following vehicle. Annual depreciation .............$2,500.00

Calculating Motor Vehicle Operating Costs: Using Sheet 38 in the Personal Planner calculates the approximate yearly operating cost of the following vehicle.

Annual depreciation .............$2,500.00

Annual mileage .............. 13200

Current year’s loan interest ........... $650.00

Miles per gallon ............................ 24

Insurance ...................................... $680.00

License and registration fees ........ $65.00

Average gasoline price ................ $3.68

Oil changes/repairs ...................... $370.00

Parking/tolls ................................ $420.00

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