The value of a truck after t years is represented by the function f(t)=22,200(0.92)t .What does the value 22,200 represent in this situation? The value of the truck decreases by $22,200 each year. The initial value of the truck is $22,200. The value of the truck increases by $22,200 each year. The value of the truck after t years is $22,200.

ANSWER:
The initial value of the truck is $22,200

EXPLANATION:
For the given function 

     f(t) = 22,200(0.92)^t

We know that at t = 0, we have

    f(0) = 22,200(0.92)^0 = 22,200

which is the value of the truck initially. So, the correct answer is

The initial value of the truck is $22,200