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The value of a rare painting has increased each year since it was found at a garage sale. The value of the painting is modeled by the function f(x) = 799(1.03)x. What does the 799 represent? What will the painting be worth after 5 years? Round your answer to the nearest dollar.
MY ANSWER: 799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years
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B:799 represents the increase in the value of the painting; the painting will be worth $103 after 5 years
C: 799 represents the value of the painting when it was found; the painting will be worth $804 after 5 years
D: 799 represents the total value of the painting; the painting will be worth $926 after 5 years