FIN$-320$

$($Related to Checkpoint$5\mathrm{.}6)($Solving for i$)$ You are considering investing in a security that will pay you $$$$1$ comma $000$ in $25$ years.

a$.$If the appropriate discount rate is $12$ percent$,$ what is the present value of this$$ investment?

b$.$Assume these investments sell for $$$$370$ in return for which you receive $$$$1000$ in $25$ years. What is the rate of return investors earn on this investment if they buy it for $$$$370?$