PLEASE HELP! 100 POINTS!
Solve, show all work for full credit:

An employee receives a 4% raise once per year. If the employee’s initial salary is $40,000, what will the employee’s salary be after 8 years?

For your answer please write the exponential equation, and the salary after 8 years.
If your answer is full and complete I will give brainliest and extra points.
Fake answers get deleted!