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help You are considering investing in a security that will pay you $2,000 in 27 years. If the appropriate discount rate is 8 percent, what
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You are considering investing in a security that will pay you $2,000 in 27 years. If the appropriate discount rate is 8 percent, what is the present value of this investment? Assume these investments sell for $1,091 in return for which you receive $2,000 in 27 years. What is the rate of return investors earn on this investment if they buy it for $1,091? If the appropriate discount rate is 8 percent, the present value of this investment is $___. (Round to the nearest cent.)Step by Step Solution
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