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

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) $P V = \$ 25,530.91$