FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1: You purchased a vehicle for 20,000. After 2 years of making payments your loan balance is 10,000. if you have equity in the vehicle

Q1: You purchased a vehicle for 20,000. After 2 years of making payments your loan balance is 10,000. if you have equity in the vehicle of 4000, what is the current value of the vehicle.
Q2: You purchased a vehicle two years ag. You currently owe 12,000 and your current equity is 18,000. If the vehicle has lost 7000 of value since you purchased it, what is the original loan amount?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Research On Theory And Practice Of Financial Crimes

Handbook Of Research On Theory And Practice Of Financial Crimes

Authors: Abdul Rafay

1st Edition

1799855678, 978-1799855675

More Books

Students also viewed these Finance questions

Question

★★★★★
State the criteria that must be met for an experiment to be a binomial experiment.

Answered: 1 week ago

Question

★★★★★
Consider the following statement. double rectangleArea = someObject.calcRectangleArea(1.5) Write an instance method that calculates the area of a rectangle using a class constant of 14 feet for the...

Answered: 1 week ago

Question

★★★★★
5. what effect do historical wars, like the war of 1812, world war I, and world war ii, have on the canadian self narrative?

Answered: 1 week ago

Question

★★★★★
At December 31, 2012, the trial balance of Oliker Company contained the following amounts before adjustment. Instructions(a) Prepare the adjusting entry at December 31, 2012, to record bad debts...

Answered: 1 week ago

Question

★★★★★
Q1: You purchased a vehicle for 20,000. After 2 years of making payments your loan balance is 10,000. if you have equity in the vehicle of 4000, what is the current value of the vehicle. Q2: You...

Answered: 1 week ago

Question

★★★★★
An entrepreneur put up 1,000 at time 1 to invest ina productive opportunity. The entrepreneur estimates that the investment will generate cash earnings of 880; 1,210; and 1,464.1 at time 2, 3, and 4....

Answered: 1 week ago

Question

★★★★★
In each reaction box, select the best reagent and conditions from each list. 1. reagent 1 2. reagent 2 3. reagent 3 Br

Answered: 1 week ago

Question

★★★★★
Define promotion.

Answered: 1 week ago

Question

★★★★★
Write a note on transfer policy.

Answered: 1 week ago

Question

★★★★★
Discuss about training and development in India?

Answered: 1 week ago

Question

★★★★★
Explain the various techniques of training and development.

Answered: 1 week ago

Question

★★★★★
There are lower levels of tertiary education in technical and scientific subjects than in other (developing) countries and this is likely to affect the skills pool.

Answered: 1 week ago

Question

★★★★★
Private sector organizations in South Africa spend only an estimated 2 per cent of payroll per year on education and training, compared with 68 per cent in the leading industrial nations (Horwitz et...

Answered: 1 week ago

Question

★★★★★
Government pressure has increased for the upward mobility of black managers, particularly in the public and parastatal (publicly owned utilities) sectors.

Answered: 1 week ago

Previous Question Next Question