Danny bought a new truck. The value of the truck depreciates every four months and can be represented by expression A, where t represents the number of years since he bought the truck. Expression A: 18,500(0.96)^3t

Danny also purchased a plot of land in a nearby rural area. The value of the land increases every three years and can be represented by expression B, where t represents the number of years since he purchased the land.

Expression B: 48,750(1.18)^t/3

Which of the following statements gives a correct interpretation of the above expressions?

Expression A grows at a rate of 4% every four months, while expression B decays at a rate of 18% every three years.

Expression A has an initial value of 0.96, while expression B has an initial value of 1.18.

Expression A decays at 4% every three months, while expression B grows at a rate of 18% every four years.

Expression A decays at a rate of 4% every four months, while expression B grows at a rate of 18% every