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(Related to Checkpoint 5.5) (Solving for i) You are considering investing in a securty that will pay you 54,000 in 29 years. a. If the

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(Related to Checkpoint 5.5) (Solving for i) You are considering investing in a securty that will pay you 54,000 in 29 years. a. If the appropriate discount rate is 11 percent, what is the present value of this investment? b. Assume these investments sell for $1,089 in retum for which you recelve $4,000 in 29 years. What is the rate of retum investors earn on this investment if they buy it far $1,069 ? a. If the appropriate discount rate is 11 percent, the present value of this irvestment is 1 (Round to the nearpt cent)

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