Question: The driver decides to make semi-monthly payments for 48 months. The monthly cost of insuring this vehicle is $204.75. His driving habits will be as

The driver decides to make semi-monthly payments for 48 months. The monthly cost of insuring this vehicle is $204.75. His driving habits will be as described in the question.

What will be the yearly cost of financing, fuel, and insuring the vehicle for the first year? Note that taxes are already included in each of these amounts.

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