Question: 7 . A new car can be purchased for $ 2 9 0 0 0 . If it is kept for 4 years, its trade

7. A new car can be purchased for $29000. If it is kept for 4 years, its trade-in value will be $5200. What should the trade-in value be at the end of 3 years so that trading would be economically equivalent to keeping it 4 years, if money is worth ?

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