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

If you would like to know what was the value of Todd's money four years ago, you can calculate this using the following steps:

104% of x is $5000

104/100 * x = 5000

x = 5000 * 100 / 104

x = $ 4807.69

104% of x is $4807.69

104/100 * x = 4807.69

x = 4807.69 * 100 / 104

x = $4622.78

104% of x is $4622.78

104/100 * x = 4622.78

x = 4622.78 * 100 / 104

x = $4444.98

104% of x is $4444.98

104/100 * x = 4444.98

x = 4444.98 * 100 / 104

x = $4274.02 = $4274

The correct result would be $4274.