A house was purchased in 1994 for $118,000. It appreciates by 4% in value each year. Choose whether each statement below is true or false for this exponential function. (3 points) True False The value of the house is an example of exponential growth. In 2024, the house will be worth $382,720.91 This scenario can be represented by: f(x)=118,000*(1.04)x This scenario can be represented by: f(x)=118,000*(0.96)x After 20 years, the house would be valued at $358,552.53 The value of the house is decreasing over time.
True
False
True
False
False
False