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?
a. The initial value of the truck is $22,200.
b. The value of the truck decreases by $22,200 each year.
c. The value of the truck increases by $22,200 each year.
d. The value of the truck after t years is $22,200.
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