Practice Question #3 - You live in a condo in downtown Toronto which you share with a family member. Because you live downtown and neither one of you needs a car very often, you've decided to share a car. Between you and your roommate, you drive 900 kilometres per month on average, and your lease cost is $330 per month. You pay someone who has an extra parking spot in the building $500 per quarter (every 3 months) to use it for your car. You've calculated all the other costs such as insurance, gas, repairs, etc., to total $5300 per year. The car you and your roommate leased has an engine hour meter and you both decide this is the best metric on how the costs should be shared. Based on this previous year's information, if you ended up using 29% of the total hours for the upcoming year, how much should you pay? Hint, there may be information in this question you don't need to use to answer the