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(0.95)^2
Find the initial value of the car and the value after 13 years
Round your answers if the nearest dollar as necessary.
I will assume the equation is v(t) = $ 25900 (.095)^t
The initial value of the car is at t= 0
25900 (.95)^0 = $25900
when t=13 yrs 25900 (.95)^13 = $ 13295.56~ $13296.