The present value of a sum of money is the amount that must be invested now, at a giv rate of interest, to produce the desired sum at a later date. Find the present value of $5,000 if inter is paid at a rate of 3% per year, compounded continuously, for 4 years. (Round your answer uf the next cent    use the compound interest formulas

The present value of a sum of money is the amount that must be invested now, at a giv rate of interest, to produce the desired sum at a later date. Find the present value of $5,000 if inter is paid at a rate of 3% per year, compounded continuously, for 4 years. (Round your answer uf the next cent

 use the compound interest formulas