Question

A new car depreciates as soon as you drive it out of the parking lot. A certain car depreciates to half its original value in 4 years. IF you bought a car 8 years ago, and it's now worth $5,000, how much did you pay for the car originally?
now it is worth 5000
4 years ago it was worth 10000
8 years ago it was worth 20000

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