Mathematics, 12.11.2019 03:31, MendesMist

Abank offers a loan for $8,000 which earns 4.25% interest compounded annually. what is the correct formula to determine how much someone would owe the bank if they took out this $8,000 loan for 5 years?
a a = 8,000(0.0425)(5)

b a = 8,000(1 + 0.0425)5

c a = 8,000(0.0425)5

d a = 8,000(1 - 0.0425)5

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Abank offers a loan for $8,000 which earns 4.25% interest compounded annually. what is the correct formula to determine how much someone would owe the bank if they took out this $8,000 loan for 5 years? a a = 8,000(0.0425)(5) b a = 8,000(1 + 0.0425)5 c a = 8,000(0.0425)5 d a = 8,000(1 - 0.0425)5

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Abank offers a loan for $8,000 which earns 4.25% interest compounded annually. what is the correct formula to determine how much someone would owe the bank if they took out this $8,000 loan for 5 years?
a a = 8,000(0.0425)(5)

b a = 8,000(1 + 0.0425)5

c a = 8,000(0.0425)5

d a = 8,000(1 - 0.0425)5