Nirav just opened a savings account paying $2$ percent interest, compounded annually. After four years, the savings account will be worth $$5,000.$ Assume there are no additional deposits or withdrawals. Given this information, Nirav:

Multiple Choice

has an account currently valued at $$5,000.$

could have deposited less money today and still had $$5,000$ in four years if the account paid a higher rate of interest.

could earn more interest on this account if the interest earnings were withdrawn annually.

will earn the same amount of interest each year for four years.

will earn simple interest on his savings every year for four years.