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(Related to Checkpoint 5.6) (Solving for ) You are considering investing in a security that will pay you $2,000 in 34 years. a. If the

(Related to Checkpoint 5.6) (Solving for ) You are considering investing in a security that will pay you $2,000 in 34 years. a. If the appropriate discount rate is 8 percent, what is the present value of this investment? b. Assume these investments sell for $635 in return for which you receive $2,000 in 34 years. What is the rate of return investors earn on this investment if they buy it for $635? C 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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