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The dollar value v t of a certain car model that is t years old is given by the following exponential function. = v t

The dollar valuev

t

of a certain car model that ist

years old is given by the following exponential function.

=

v

t

27,500

0.90

t

Find the initial value of the car and the value after11

years.

Round your answers to the nearest dollar as necessary.

Initial

value:

$

Value

after

11

years:

$

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