The current value of a new car is $24,000. the car will depreciate 12% per year over the next 5 years. which exponential equation models this situation? a. f(x)=24,000 * 0.12^x b. f(x)=24,000 * 0.88^x c. f(x)= 24,000 * 5^x d. f(x)= 24,000 * 1.12^x

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