An equation to represent the value of a car after t months of ownership is
v = 32,000(0.81) Iz
Which statement is not correct?
1) The car lost approximately 19% of its value each month
2) The car maintained approximately 98% of its value each month
3) The value of the car when it was purchased was $32,000
4) The value of the car 1 year after it was purchased was $25,920
no