Question: the answer $57,105 is incorrect by the way The average monthly payment on a new car is $523. The interest on a car loan is

the answer $57,105 is incorrect by the way

The average monthly payment on a new car is $523. The interest on a car loan is $8469 a year. The average monthly cost of gasoline is $146. Monthly maintenance and repairs is $99. Registration, fees, and taxes are $145 a year. The average cost of auto insurance is $924 per year. The average yearly depreciation is $1115. Use a spreadsheet to determine the total cost of car ownership after five years. $109,345 $57,105 $99,345 $19,869

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