A bank account has a balance of $120 on January 1. Describe a situation in which the account balance for each month (February 1, March 1, ...) forms the following sequences. Write the first three terms of each sequence.
A)Arithmetic sequence with a common difference of $30. The first three terms are $120, $150, $180.
B)Geometric sequence with a common ratio of $30. The first three terms are $120, $3600, $108000.
C)Arithmetic sequence with a common difference of -$30. The first three terms are $120, $90, $60.
D)Geometric sequence with a common ratio of 1.25. The first three terms are $120, $150, $187.50.