Andy buys a new car for $23,540. He estimates that the new car will decrease in value by about 5% each year. Which of the following functions best models this situation? f(x)=23,540(1.05)xf of x is equal to 23 comma 540 times 1 point 0 5 to the x th power

f(x)=23,540(0.95)xf of x is equal to 23 comma 540 times 0 point 9 5 to the x th power

f(x)=−23,540(1.05)xf of x is equal to negative 23 comma 540 times 1 point 0 5 to the x th power

f(x)=−23,540(0.95)x