Posted by **Anonymous** on Wednesday, January 25, 2012 at 10:23pm.

Evan spent the summer earning money so he could buy the classics car of his dreams. He purchased the car for $2,295 from Fast Deal Freddie, the local used car salesman. Freddie told Evan that the car would increase by half its value after five years. Evan knows that this model appreciates 8% annually. Did Freddie try to trick Evan, or was his claim accurate?

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