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Suppose that the dollar value V (t) of a certain car that is f years...

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Basic Math

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Suppose that the dollar value V (t) of a certain car that is f years old is given by the following exponential function.v (t) = 20,000 (1.16)^tFind the initial value of the car.Does the function represent growth or decay?growthdecayBy what percent does the value of the car change each year?

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