I'm a little confused this is a finance question I think. So I don't quite understand what equation would fit in this circumstance but if possible what equation would suit this question best?

Question 4 (1 point) Questions 4 - 6 involve the same situation and equation. A young entrepreneur borrowed $4,000 to start a small business. The interest rate on the loan was 8% per year, compounded monthly. The borrower is expected to repay the $5,502.66 loan in 4 years. a) Identify which equation should be used to model this situation. Explain your reasoning. Remember to submit your full solutions at the end of the quiz. Equation 1: F = a(x - b)2 + c Equation 2: a2 = b2 + c2 - 2bc cos(F) Equation 3: F = a(1 + b)c