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(Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you $2,000 in 26 years. a. If the

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(Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you $2,000 in 26 years. a. If the appropriate discount rate is 11 percent, what is the present value of this investment? b. Assume these investments seli for $471 in return for which you receive $2,000 in 26 years. What is the rate of return investors earn on this investment if they buy it for $471 ? a. If the appropriate discount rate is 11 percent, the present value of this inwestment is 5 (Round to the nearest cent)

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