The dealer will take their car and provide a 15000 loan for, Financial Management

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The dealer will take their car and provide a 15000 loan for

Impact on Net Worth.

Ryan and Nicole would like to trade in one of their cars with a fair market value of $7,000 for a new one with a fair market value of $21,500.

The dealer will take their car and provide a $15,000 loan for the new car. If they make this deal, what will be the effect on their net worth?

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