Evaluate $\frac{\$ 25,000}{\left(1+\frac{0.07}{12}\right)^{4}}$ A) $25,588

Multiple Choice

Evaluate $\frac{\$ 25,000}{\left(1+\frac{0.07}{12}\right) ^{4}}$

A) $25,588.46
B) $19,927.38
C) $19,072.38
D) $24,855.01
E) $24,425.08