y = 0 * (1 plus/minus r)'
Perry used the formula V(t) = 24, 450 * (1 - 0.13) ^ t to find the value of his car t years after he purchased it. What does 0.13 represent?
y = n * (1 + r/n) ^ (nt)
y = s * e deg
A the price of the new car
B the time of year the car was purchased
C the value of the car after t years
D 13% decrease in value each year