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(Related to Chechpoint 5.6) (Solving for i) You are considering investing in a seculty that will pay you $5,000 in 28 years a. If the

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(Related to Chechpoint 5.6) (Solving for i) You are considering investing in a seculty that will pay you $5,000 in 28 years a. If the appropiate discount rate is 9 percent, what is the present value of thits investment? b. Assume these investments sell for $1,259 in retuen for which you recetwe $5,900 in 28 years. What is the rate of return investors earn on this invostment if they buy t for 51,259 ? a. If the appropiate discoumt rate is 9 percent, the present vabue of this imvestment is : (Round to the bearest cent)

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