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Suppose Tims new cars market value in 2007 was $30,000. Using the rule-of-thumb depreciation rate discussed in the lecture notes, what was the cars market

Suppose Tims new cars market value in 2007 was $30,000. Using the rule-of-thumb depreciation rate discussed in the lecture notes, what was the cars market value in 2010?

a. $24,000

b. $15,360

c. $20,000

d. $12,288

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