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

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

Annual depreciation

$2,400

Annual mileage 13,200

Current year's loan interest

$650

Miles per gallon 24

Insurance

$1200

Average gasoline price $2.19 per gallon

License and registration fees

$65

Oil changes/repairs $370

Parking/tolls

$25

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