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Part 3-Estimate the monthly cost of owning your car Objective: • Estimate the monthly costs of owning and operating a car Directions: 1. Use the average annual amount provided in blue to calculate a monthly cost for each cost RESPONSIBILITIES (Monthly Costs of owning a car) Registration and title costs $301 Registration = price 12 25.083 Insurance Male driver $4,651 Female driver $3,218 Insurance = price 12 City Sticker Get the price using the link 4,000 City Sticker = price + 12 Plate Sticker $151 Plate Sticker = price 12 12.583 Total Costs of Owning a Car MAINTENANCE (Monthly Costs of operating a car)

Part 3-Estimate the monthly cost of owning your car Objective: • Estimate the monthly costs of owning and operating a car Directions: 1. Use the average annual amount provided in blue to calculate a monthly cost for each cost RESPONSIBILITIES (Monthly Costs of owning a car) Registration and title costs $301 Registration = price 12 25.083 Insurance Male driver $4,651 Female driver $3,218 Insurance = price 12 City Sticker Get the price using the link 4,000 City Sticker = price + 12 Plate Sticker $151 Plate Sticker = price 12 12.583 Total Costs of Owning a Car MAINTENANCE (Monthly Costs of operating a car)

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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**Part 3 - Estimate the Monthly Cost of Owning Your Car** **Objective:** - Estimate the monthly costs of owning and operating a car. **Directions:** 1. Use the average annual amount provided in blue to calculate a monthly cost for each cost. --- **RESPONSIBILITIES (Monthly Costs of Owning a Car)** 1. **Registration and Title Costs** - Annual Cost: **$301** - Monthly Cost Calculation: Registration = price ÷ 12 - Example Monthly Cost: $25.08 2. **Insurance** - For Male Driver: **$4,651** - For Female Driver: **$3,218** - Monthly Cost Calculation: Insurance = price ÷ 12 3. **City Sticker** - Instructions: Get the price using the provided link - Monthly Cost Calculation: CitySticker = price ÷ 12 - Example Monthly Cost: $4,000 4. **Plate Sticker** - Annual Cost: **$151** - Monthly Cost Calculation: PlateSticker = price ÷ 12 - Example Monthly Cost: $12.58 **Total Costs of Owning a Car** --- **MAINTENANCE (Monthly Costs of Operating a Car)** (Note: The maintenance section seems to be a heading for further details not included in this image.)
Transcribed Image Text:**Part 3 - Estimate the Monthly Cost of Owning Your Car** **Objective:** - Estimate the monthly costs of owning and operating a car. **Directions:** 1. Use the average annual amount provided in blue to calculate a monthly cost for each cost. --- **RESPONSIBILITIES (Monthly Costs of Owning a Car)** 1. **Registration and Title Costs** - Annual Cost: **$301** - Monthly Cost Calculation: Registration = price ÷ 12 - Example Monthly Cost: $25.08 2. **Insurance** - For Male Driver: **$4,651** - For Female Driver: **$3,218** - Monthly Cost Calculation: Insurance = price ÷ 12 3. **City Sticker** - Instructions: Get the price using the provided link - Monthly Cost Calculation: CitySticker = price ÷ 12 - Example Monthly Cost: $4,000 4. **Plate Sticker** - Annual Cost: **$151** - Monthly Cost Calculation: PlateSticker = price ÷ 12 - Example Monthly Cost: $12.58 **Total Costs of Owning a Car** --- **MAINTENANCE (Monthly Costs of Operating a Car)** (Note: The maintenance section seems to be a heading for further details not included in this image.)
### Monthly Maintenance Costs of Operating a Car **Gasoline** - Monthly Cost: $3,000 - Formula: \( \text{Gasoline} = \frac{\text{price}}{12} \) - Calculated Cost: 250 **Oil Change** - Initial Cost: $100 - Formula: \( \text{Oil change} = \frac{\text{price}}{12} \) - Monthly Cost: 8.3 **Tires** - Price obtained using an external link - Formula: \( \text{Tires} = (\text{price} \times 4) \) - Monthly Cost: 600 **Maintenance & Repairs** - Yearly Cost: $466 - Formula: \( \text{Maintenance & Repairs} = \frac{\text{price}}{12} \) - Monthly Cost: 38.83 **Total Costs of Operating a Car: 897.13** --- **Part 4 - Reflect on Your Decision** In this section, consider how these costs affect your overall budget and the practical implications of operating a vehicle monthly.
Transcribed Image Text:### Monthly Maintenance Costs of Operating a Car **Gasoline** - Monthly Cost: $3,000 - Formula: \( \text{Gasoline} = \frac{\text{price}}{12} \) - Calculated Cost: 250 **Oil Change** - Initial Cost: $100 - Formula: \( \text{Oil change} = \frac{\text{price}}{12} \) - Monthly Cost: 8.3 **Tires** - Price obtained using an external link - Formula: \( \text{Tires} = (\text{price} \times 4) \) - Monthly Cost: 600 **Maintenance & Repairs** - Yearly Cost: $466 - Formula: \( \text{Maintenance & Repairs} = \frac{\text{price}}{12} \) - Monthly Cost: 38.83 **Total Costs of Operating a Car: 897.13** --- **Part 4 - Reflect on Your Decision** In this section, consider how these costs affect your overall budget and the practical implications of operating a vehicle monthly.
Expert Solution
Step 1: Monthly cost of owing a car

For Male and female drivers, all expenses are same except insurance. 

Monthly cost for owing a car: 

Items Monthly cost (Male driver) Monthly cost (Female driver)
Registration & title cost 25.083 25.083
Insurance 4554.250               =$5465112 4434.833               =$5321812
City sticker 4.000 4.000
plate sticker 12.583 12.583
Total monthly  Owing expense 4595.916 4476.499
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