The exponential equation A(t) = 400 (1.05)' represents the amount of money in a savings account after t years. Which of the following statements are true? choose all that are correct
a) The starting value of the account is $1.05.
b) The starting value of the account is $400.
c) This accounts earns 5%, interest each year.
d) This accounts earns $400 each year.
e) A(t) represents how much money will be in the account after t years
f) Alt) represents how much interest will be in the account after t years
b) The starting value of the account is $400.
c) This account earns 5% interest each year.
e) A(t) represents how much money will be in the account after t years.