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\frac{4846.77}{1.06^{5}}
Add 1 and 0.06 to get 1.06.
\frac{4846.77}{1.3382255776}
Calculate 1.06 to the power of 5 and get 1.3382255776.
\frac{48467700000000}{13382255776}
Expand \frac{4846.77}{1.3382255776} by multiplying both numerator and the denominator by 10000000000.
\frac{1514615625000}{418195493}
Reduce the fraction \frac{48467700000000}{13382255776} to lowest terms by extracting and canceling out 32.