S. Fill in the blank. In order to buy a new car, you finance $20,000 with no down payment for a term offre years at an APR (Annual Percentage Rate) 6%. After you have the car for one year, you are in an accident. No one is injured, but the car is totaled The insurance copany says that before the accident, the value of the car had decreased by 25% over the time you o ned it, and the company prys you that depreciated an ount after sterading your soo The Equity equation is equityaowntborrowed n-1) (CI r)-1 Assuming payments were made monthly, the equity that you have built up after one year is s Give your answer rounded to two decimal places.)