During a Prolonged Recession, Property Values on Long Island Depreciated

Multiple Choice

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) $86,877.39
B) $86,877.69
C) $86,878.79
D) $86,878.69
E) $86,882.69