Question

PLEASE.

The dollar value v(t) of a certain car model that is (t) years old is given by the following exponential function:

v(t)=25,900(0.76)^t

Find the initial value of the car and the value after 12
years. Round your answers to the nearest dollar as necessary.

Answer 1

Step-by-step explanation: initial value : 27,500

After 12 yrs $14,860

Answer 2

The initial value is
v(0) = $25,900

After 12 years, the value is
v(12) = $25,900·0.76¹² ≈ $962