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Part 1 of 2 O Points: 0 of 4 (Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will

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Part 1 of 2 O Points: 0 of 4 (Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you $2,000 in 27 years. a. If the appropriate discount rate is 8 percent, what is the present value of this investment? b. Assume these investments sell for $648 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 $648? a. If the appropriate discount rate is 8 percent, the present value of this investment is $ (Round to the nearest cent.)

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