Find the Present Value of an Investment at 7% Annual $P V = \$ 25,531.41$

question 58

Multiple Choice

Find the present value of an investment at 7% annual simple interest which is worth $30,000 after 30 months. Round your answer to the nearest cent.

• A) \(P V = \$ 25,531.41\)
• B) \(P V = \$ 25,521.91\)
• C) \(P V = \$ 25,531.91\)
• D) \(P V = \$ 25,537.01\)
• E) \(P V = \$ 25,530.91\)

Analyze the role of practice and perseverance in skill acquisition.

Distinguish between relevant and irrelevant details in relation to a central theme.

Recognize the evolution of objects or practices over time and their impact on contemporary society.

Understand the concepts of explanatory and response variables in different contexts.

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Definitions:

Manic Without Psychotic Features

A mood disorder characterized by a period of abnormally and persistently elevated, expansive, or irritable mood without the presence of delusions or hallucinations.

Moderate

Describes something of average intensity or quality, not extreme in behavior or opinions.

Hebephrenic Schizophrenia

A subtype of schizophrenia characterized by disorganized behavior and speech, and blunted or inappropriate emotional responses.

Bipolar Disorder

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).