1.

You purchased a vehicle for $25,000. After three years of making payments, your loan balance is $10,000. If the vehicle's value has depreciated and is currently worth $15,000, how much equity do you have?

2.

You purchased a vehicle for $20,000. After two years of making payments, your loan balance is $10,000. If you have equity in the vehicle of $4,000, what is the current value of the vehicle?

3.

You purchased a vehicle two years ago. You currently owe $12,000, and your current equity is $18,000. If the vehicle has lost $7,000 of value since you purchased it, what was the original loan amount?