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

V(t)=24,500(0.95^t)

Find the initial value of the car and the value after 13 years.
Round answers to the nearest dollar as necessary.

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*NOT THE ANSWER** BUT this is how its done

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.

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