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

asked Oct 28, 2018 43.8k views

1 vote

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3 votes

I’m taking this on Plato and the answer is 4,274.02 I just got the question right

Wes Baker answered Oct 30, 2018

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3 votes

A(t) = P (1+rt)

5000 = P ( 1 + 0.04 *4)

5000 = P (1.16)

P = 4310.34

LiranBo answered Nov 1, 2018

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