Assume that the value of a car is originally $7,500 and it eventually depreciates in value until it is now worth $5000. If the rate of depreciation is 20% compounded semi-annually, how long will it take for the car's values to depreciate to $5000? As a hint, consider that depreciation is the opposite of investment appreciation. This means your formula will be A = P(1-i) a. 8 years b. 16 years c. 1 year • d. 4 years e. 2 years

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