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13 January, 08:41

Todd curently has 5,000 what was the value of his money four years ago if hes earned 4% interest each year

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  1. 13 January, 08:45
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    A (t) = P (1+rt)

    5000 = P (1 + 0.04 * 4)

    5000 = P (1.16)

    P = 4310.34
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