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The dollar value vt of a certain car model that is t years old is given by the following exponential function. = vt 32,0000.80 t

The dollar value

vt

of a certain car model that is

t

years old is given by the following exponential function.

=vt32,0000.80t

Find the initial value of the car and the value after

11

years. Round your answers to the nearest dollar as necessary.

Initialvalue: $
Valueafter11years: $

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