Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $21,550 with the following costs:

Auto Loan : Amount, $21,550; Duration, 4 years; APR, 7.50 percent
Property Taxes : 2.97 percent of vehicle value/year
Sales Taxes : 1.56 percent of the sales price
Title and Tags : $52.94/year
Insurance : $1,501.45/year
Maintenance and Usage : $1,833.75/year

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

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