Shiloh opens a savings account in which interest is compounded annually. the balance in the account is given by the following exponential expression, where t represents the time in years.
which statement correctly interprets the given expression?
a.
shiloh initially invested $1,025, which grows annually at a rate of 12.5%.
b.
shiloh initially invested $125, which grows annually at a rate of 2.5%.
c.
shiloh initially invested $1,025, which grows annually at a rate of 1.25%.
d.
shiloh initially invested $125, which grows annually at a rate of 1.025%.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: