27 what is the true price of owning a car for five years with the following expenses?
loan payment $289/month
gas $100/month
insurance $113/month
maintenance $50/month

$32,890
$37,870
$33,120
$27,340

Question

27 what is the true price of owning a car for five years with the following expenses?
loan payment $289/month
gas $100/month
insurance $113/month
maintenance $50/month

$32,890
$37,870
$33,120
$27,340

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "Total Cost of Ownership" ], "new_concepts": [], "current_concepts": [ "Total Cost of Ownership" ] } ## Calculate total monthly expenses Using the *Total Cost of Ownership* knowledge point $$ \begin{aligned} \text{Monthly Expenses} &= \$289 + \$100 + \$113 + \$50 \ &= \$552 \end{aligned} $$ ## Convert monthly expenses to 5-year total Using the *Total Cost of Ownership* knowledge point $$ \begin{aligned} \text{Total Months} &= 5 \times 12 = 60 \ \text{Total Cost} &= \$552 \times 60 \ &= \$33,120 \end{aligned} $$

(A) $32,890

(B) $37,870

(C) $33,120

(D) $27,340

{ "subject": "Mathematics", "question_type": "Multiple Choice", "knowledge_point": [ "Mathematics", "Algebra", "Total Cost of Ownership" ] }

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Question

Explanation:

Calculate total monthly expenses

Convert monthly expenses to 5-year total

Answer: