A car with an initial cost of $23,000 is decreasing in value at a rate of 8% each year. Write the exponential decay function described in this situation. Then use your function to determine when the value of the car will be $15,000, to the nearest year.
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Home » Mathematics » A car with an initial cost of $23,000 is decreasing in value at a rate of 8% each year. Write the exponential decay function described in this situation.