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( Related to Checkpoint 5 . 6 ) ( Solving for ( i ) ) You are considering investing in a security that

(Related to Checkpoint 5.6)(Solving for \( i \)) You are considering investing in a security that will pay you \(\$ 2,000\) in 35 years. a. If the appropriate discount rate is 9 percent, what is the present value of this investment? b. Assume these investments sell for \(\$ 740\) in return for which you receive \(\$ 2,000\) in 35 years. What is the rate of return investors earn on this investment if they buy it for \(\$ 740\)?(Related to Checkpoint 5.6)(Solving for i) You are considering investing in a security that will pay you $2,000 in 32 years.
a. If the appropriate discount rate is 8 percent, what is the present value of this investment?
b. Assume these investments sell for $748 in return for which you receive $2,000 in 32 years. What is the rate of return investors earn on this investment if they buy
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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