<PRE><B>Question 1058422</B>
Using the equation:


{{{FV = PV(1 + r/n)^(nt)}}}


where FV is the future value, PV is the present value, r is the annual interest rate, n is the 
number of periods per year, and t is the number of years.


Rearranging the equation gives:


{{{PV = FV / (1 + r/n)^(nt)}}}


Substituting the given values gives:


PV = ($5000)/(1 + 0.05/4)^(4*12)


PV = ($5000)/(1.0125)^48


PV = $5000/1.8154


PV = $2,754.28</PRE>