Find the Present Value of an Investment at 5 $P V = \$ 5,307$

Multiple Choice

Find the present value of an investment at 5.25% annual simple interest which is worth $6,700 after 5 years. Round your answer to the nearest dollar.

A) $P V = \$ 5,307$
B) $P V = \$ 5,312$
C) $P V = \$ 1,848$
D) $P V = \$ 5,305$
E) $P V = \$ 6,529$