The dollar value v(t) of a certain car model that is t years old is given by the following exponential function. v(t) = 29,900(0.80^t) Find the initial value of the car and the value after 12 years. Round your answers to the nearest dollar as necessary.
The dollar value v(t) of a certain car model that is t years old is given by the following exponential function. v(t) = 29,900(0.80^t) Find the initial value of the car and the value after 12 years. Round your answers to the nearest dollar as necessary
V(0)=29,900 X .80^0=29,900 X 1=$29,900 initial value of the car.
V(12)=29,900 X .80^12
V(12)=29,900 X 0.068719476736=$2,054.71value of the car after 12 years.
