The value of a camcorder bought new for $2000 decreases 20% each year. Identify the function for the value of the camcorder. Does the function represent growth or decay?
A) V(t) = 2000(0.8)t; growth
B) V(t) = 2000(0.8)t; decay
C) V(t) = 2000(1.2)t; decay
D) V(t) = 2000(1.2)t; growth