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) \(P V = \$ 25,530.91\)

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