In 2001, the value of a plot of land is $12,000. Each year, the value of the plot increases by 8%.Which equation accurately describes the value of the plot, f(x), x years after 2001?f(x) = 12,000(1.08)^xf(x) = 12,000(1.8)^xf(x) = 1.8(12,000)^xf(x) = 8(12,000)^x