Rebecca has a college savings plan. The equation that represents how much money she expects to have saved after x years is f(x) = 5000(1.08)x.
What does the value 5000 represent in the equation? Select all that apply.
Answer Choices:
A. The initial amount of money saved
B. The initial amount of time
C. The amount it increases in value each year
D. The time it takes to be worth $5,000
E. The y-intercept