document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=733706>Question 733706</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Todd currently has $5,000. What was the value of his money four years ago if he's earned <BR>\n" );
document.write( "4 percent interest each year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #448559 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=448559\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Todd currently has $5,000. What was the value of his money four years ago if he's earned <BR>\n" );
document.write( "4 percent interest each year?<BR>\n" );
document.write( "----<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "----<BR>\n" );
document.write( "5000 = P(1 + 0.04*4)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "5000 = P(1.16)<BR>\n" );
document.write( "P = 4310.34<BR>\n" );
document.write( "=================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );