During a prolonged recession, property values on Long Island depreciated by 8% every six months. If my house cost $200,000 originally, how much was it worth 5 years later? Round your answer to the nearest cent. a.$86,877.69 b.$86,877.39 c.$86,878.79 d.$86,878.69 e.$86,882.69

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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During a prolonged recession, property values on Long Island depreciated by 8% every six months. If my house cost $200,000 originally, how much was it worth 5 years later? Round your answer to the nearest cent.

a.$86,877.69

b.$86,877.39

c.$86,878.79

d.$86,878.69

e.$86,882.69

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