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(Related to Checkpoint 5.6) (Solving for i ) You are considering investing in a secunty that will pay you $2,000 in 28 years a. If

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(Related to Checkpoint 5.6) (Solving for i ) You are considering investing in a secunty that will pay you $2,000 in 28 years a. If the appropriate discount rate is 10 percent, what is the present value of this investment? b. Assume these investments sell for $702 in return for which you receive $2,000 in 28 years What is the rate of return investors earn on this investment if they buy it for $702 ? a. If the appropriate discount rate is 10 percent, the present value of this investment is $ (Round to the nearest cent) b. The rate of return investors can earn on this investment if they buy it for $702 is

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