Final answer:
The current value of Joe Arcikoski's duplex is $17,000.
Step-by-step explanation:
The current value of Joe Arcikoski's duplex can be found using the formula:
Current Value = Original Value - (Depreciation Rate * Original Value)
Given that the original cost of the duplex is $20,000 and it depreciates 3% per year for 5 years:
Current Value = $20,000 - (0.03 * $20,000) * 5
Simplifying the expression, we have:
Current Value = $20,000 - $3,000
Current Value = $17,000
Therefore, the current value of the duplex is $17,000.