The value of a camcorder bought new for $2000 decreases 20% each year. Identify the function for the value of the camcorder. Does the function represent growth or decay?
A) V (t) = 2000 (0.8) t; growth
B) V (t) = 2000 (0.8) t; decay
C) V (t) = 2000 (1.2) t; decay
D) V (t) = 2000 (1.2) t; growth
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