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Please do part A and B :) (Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you
Please do part A and B :)
(Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you $3,000 in 32 years. a. If the appropriate discount rate is 10 percent, what is the present value of this investment? b. Assume these investments sell for $1,577 in return for which you receive $3,000 in 32 years. What is the rate of return investors earn on this investment if they buy it for $1,577? a. If the appropriate discount rate is 10 percent, the present value of this investment is $. (Round to the nearest cent.)Step by Step Solution
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