Question

find initial value of the car and after 13 years

Answer 1

According to the given expression, the initial value is $19,900 because

$V(0)=19,900(0.95)^0=19,900(1)=19,900$

Then, after 13 years means t = 13.

$V(13)=19,900(0.95)^{13}=10,215.51$

After 13 years, the value of the car is $10,215.51.