The Solution:
Let the present value of the investment be represented with P.
We shall use the formula below:

Substituting these values in the formula above, we get

So,

Thus, the present value of the investment that will yield $7000 at the end of 5 years is $5189.61 (or 518961 cents )
Therefore, the correct answer is $5189.61 (or 518961 cents )