The future value of an investment is $105812.50 dollars. If it is invested at 5.0% simple interest for 5 years, what is the present value?

Using $LaTeX: \displaystyle FV = PV(1+r \cdot t) \iff PV = \frac{FV}{1+rt}$ . Evaluating the formula gives $LaTeX: \displaystyle PV = \frac{105812.5}{1 + (0.050)(5)} = 84650.00$ .