Brad bought a piece of industrial real estate for $192,345. The value of the real estate appreciated at a constant rate per year. The table shows the value of the real estate after the first and second years: Year 1 2
Value (in dollars) $200,038.80 $208,040.35

Which function best represents the value of the real estate after t years?
f(t) = 200,038.80(1.04)^t
f(t) = 200,038.80(0.04)^t
f(t) = 192,345(0.04)^t
f(t) = 192,345(1.04)^t