Jason estimates that his car loses 12% of its value every year. the initial value is $12,000. which best describes the graph of the function that represents the value of the car after x years?

f(x) = 12,000(0.12)x, with a horizontal asymptote of y = 0
f(x) = 12,000(1.12)x, with a vertical asymptote of x = 0
f(x) = 12,000(0.88)x, with a horizontal asymptote of y = 0
f(x) = (12,000 0.88)x, with a vertical asymptote of x = 0