Todd currently has $5,000. what was the value of his money four years ago if he's earned 4 percent interest each year? $4,274.02 $4,113.51 $4,109.64

$4,274.02

Step-by-step explanation:

Given: The amount Todd has currently (P) = $5,000

The rate of interest (r) = 4%=0.04

Let the amount of money he has four years ago be x.

The formula to calculate compound amount after x years is given by :-

Hence, the amount of money he has four years ago = $4,274.02

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney