Walter buys a new truck for $38,000. The truck loses value at a rate of 16% per year. Which equation models the value, V(t), in dollars, of the truck after t years? A. V(t) = 38000(0.16)t B. V(t) = 38000(0.84)t

C. V(t) = 38000(1.16)t D. V(t) = 38000(-0.84)t