Sally is purchasing a van. The function A = 19,987(0.8) can be used to model the value of the van after t years. What is the meaning of the 19,987 and the 0.8 in the context of the problem?
CA
$19,987 is the initial value of the van.
The 0.8 means that the van retains 20% of its value per year.
OB
$19,987 is the initial value of the van.
The 0.8 means that the van retains 80% of its value per year.
С
$19,987 is the value of the van after 1 year.
The 0.8 means that the van retains 80% of its value per year.
D
$19,987 is the value of the van after 1 year.
The 0.8 means that the van retains 20% of its value per year.