Breyelle is planning on purchasing a new sports-utility vehicle. The list price of the one she is most interested in buying is $32,000. This vehicle is expected to depreciate in value by 8.5% per year.

Which model could be used to calculate the daily depreciation for this vehicle?

V(t)=32,000(0.0233)^t

V(t)=32,000(0.9150)^t

V(t)=32,000(0.9767)t^t

V(t)=32,000(0.9998)^t