Question: 2 . A vehicle that started with a value of $ 3 0 , 0 0 0 later reached a value of $ 2 0

2. A vehicle that started with a value of $30,000 later reached a value of $20,000 after 5 years.
Determine the following, assuming that depreciation is compounded semi-annually.
i) The annual depreciation rate of the vehicle
ii) percentage of the vehicle's value that remains after each compounding period,

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