The function a(t) = 44,000(1.045)^t models Johanna’s annual earnings a, in dollars, t years after she starts her job.
Which of the following statements are true about Johanna’s salary?

Johanna initally earns $44,000 per year. True or False

Johanna initially earns $45,980 per year. True or False

Johanna’s salary increases by 1.045% per year. True or False

Johanna’s salary increases by 4.5% per year. True or False

Johanna’s salary increases by 104.5% per year. True or False

This represents an exponential growth. True or False

This represents exponential decay. True or False