The function ()=2,708.92(1.12) − 12 models the amount of money in Caleb's investment account after years.

Caleb says this means that the initial amount in the account was $2,708.92. Is he correct? Why or why not?

A: Yes, because 2,708.92 is multiplied by the exponential term.


B: Yes, because (0)=2,708.92.


C: No, because you need to multiply 2,708.92 to find the initial amount.


D: No, because (0) is not 2,708.92.