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16. Mark bought a car for $30,000. The value of the car 2 years later was $22,188. Assuming an annual exponential decay rate, project

16. Mark bought a car for $30,000. The value of the car 2 years later was $22,188. Assuming an annual exponential decay rate, project the value of the car 8 years from when it was bought. Round to the nearest cent (penny/hundredth). [A] $2,408.80 [B] $6,639.05 [C] $8,976.54 m $12 13702
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