(Related to Checkpoint 5.6) (Solving for i ) At what annual interest rate, compounded annually, would $510 have to be invested for it to grow to $1,968.91 in 15 years? The annual interest rate, compounded annually, at which $510 must be invested for it to grow to $1,968.91 in 15 years is \%. (Round to two decimal places.) (Related to Checkpoint 5.4) (Present value) What is the present value of $700 to be received 10 years from now discounted back to the present at 11 percent? The present value of $700 to be received 10 years from now discounted back to the present at 11 percent is $ (Round to the nearest cent.)