You have recently purchased a new truck for $20,000, by arranging financing for the next five years. You are curious to know what your new truck will be worth when the loan is completely paid off. Assume

asked Jul 26, 2023 79.7k views

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7 votes

Answer:

the initial value would be 23,000

Explanation:

because 20,000 + 15%

is 23,000

Mike Lunn answered Jul 31, 2023

3.6k points

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