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Homework: Unit 4 Lab Assignment Question 1 1 , P 5 - 1 7 ( similar to ) Part 1 of 2 HW Score: 4

Homework: Unit 4 Lab Assignment
Question 11, P5-17(similar to)
Part 1 of 2
HW Score: 47.5%,9.5 of 20 points
Points: 0 of 1
stion list
(Related to Checkpoint 5.6)(Solving for I ) You are considering investing in a security that will pay you $2,000 in 34 years.
a. If the appropriate discount rate is 12 percent, what is the present value of this investment?
b. Assume these investments sell for $392 in return for which you receive $2,000 in 34 years. What is the rate of return investors earn on this investment if they buy it for $392?
Question 8
a. If the appropriate discount rate is 12 percent, the present value of this investment is $ (Round to the nearest cent.)
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