elise is buying a new car selling for $21,450. the rate of depreciation on this type of car is 8% per year. which of the following functions best represents the situation?

1. f(x)= 21,450(0.08)^x
2. f(x)= 21,450(x)^0.92
3. f(x)= 21,450(0.92)^x
4. f(x)= 21, 450(x)^0.08