The value of a motorcycle changes according to the equation V = 11,000(0.89)^t, where V value in dollars and t = time in years.
What does V = 14,000 mean in the context of this problem?
a. The rate at which it takes the motorcycle to be worth $14,000.
b. The value of the motorcycle is 14,000.
c. The initial value of the motorcycle is $14,000.
d. The time it takes for the motorcycle's value to be $14,000.