Ramon bought a bicycle for $478. The value of the bicycle is expected to decrease at a rate of 6.5% each year. What function equation represents the value of the bicycle after t years?
f(t)=478(1.065)^t
f(t)=478(0.935)^t
f(t)=478(6.5)^t
f(t)=478(0.065)^t
