The price p, in dollars, of a Honda Civic EX-L Sedan that is x years old is modeled by p (x) = 22,265 (0.90)x

Use logarithms to compute the half-life (in the case of exponential decay) or doubling time (in the case of exponential growth) and explain the contextual significance of this value.

State and explain the contextual significance of the initial value and growth/decay factor (using percentages) of the model given.

State and explain the contextual significance of the horizontal asymptote of the model

given.