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You have an opportunity to earn $ 7 0 0 in 7 years with a guaranteed return of 6 . 1 5 percent. Select the

You have an opportunity to earn $700 in 7 years with a guaranteed return of 6.15 percent. Select the correct calculation from below to compute the amount of money you need to invest today to make this return.
PV=$700(1+.07)7
PV=$700(1+.0615)7
PV=$700(1+.07)6.15
PV=$700(1+6.15)7
PV=$700(.06157)
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