Nick deposits money in a Certificate of Deposit account (CD). The balance (in dollars) in his account t years after making the deposit is given by N(t)=400(1.06)tfor t ≥ 0. Explain, in terms of the structure of the expression for N(t), why Nick's balance can never be $399 Tasha deposits money in a similar Certificate of Deposit account (CD). The balance in her account is described, with units as in Nick’s deposit, T(t)=650(1.03)tfor t ≥ 0. Use the structure of the expressions for N(t) and T(t) to describe how the two balances compare over time

By what percent does the value of N(t) grow each year? What about T(t)? Explain using complete sentences