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Two years ago, Zhang Li purchased a car for $35,000 that currently has a fair market value of $26,000. He took a $35,000 auto loan

Two years ago, Zhang Li purchased a car for $35,000 that currently has a fair market value of $26,000. He took a $35,000 auto loan to make the purchase; since, he has paid $11,000 in principal payments. How much equity has Zhang Li built since the car was purchased

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