Edington Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,800 client-visits, but its actual level of activity was 2,850 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: 
-The personnel expenses in the planning budget for September would be closest to:
Definitions:
Interest Rate
The Interest Rate is the percentage at which interest is paid by borrowers for the use of money they borrow from lenders, crucial for financial markets and investment decisions.
Market Value
The market's current rate for buying or selling assets or services.
Interest Rate
The segment of a loan that incurs interest charges for the borrower, usually delineated as an annual percentage of the loan's remaining amount.
Present Discounted Value
The present value of a future amount of money or sequence of cash inflows, calculated using a designated rate of return.
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