The initial value is 37,036 dollars and in 4 years, the value will be 18,439.16 dollars.
How to work with the exponential decay equation?
Here we have an exponential decay that models the value of a car as time passes, the exponential decay is:
[tex]v(t) = 37,036*(0.84)^t[/tex]
The initial value is what we get when we evaluate in t = 0.
[tex]v(0) = 37,036*(0.84)^0 = 37,036[/tex]
The initial value is 37,036 dollars.
The value in 4 years is what we get when we evaluate in t = 4:
[tex]v(4) = 37,036*(0.84)^4 = 18,439.16[/tex]
In 4 years, the value will be 18,439.16 dollars.
If you want to learn more about exponential decays:
https://brainly.com/question/11464095
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