Question $16(1$ point$)$: You purchased a car at the beginning of the year for $$35,000$ and you just noticed a

similar used car just sold for $$30,000$ today $-$ the end of the year. You financed the purchased with a $$28,000$

auto loan and paid $$7,000$ from your savings. If your loan balance is currently $$23,635,$ what is the best

estimate for the current market value of the car?

A$.$ $$28,000$

B$.$ $$35,000$

C$.$ $$30,000$

D$.$ $$23,635$

E$.$ None of the above