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( Solving for i ) You are considering investing in a security that will pay you $ 4 0 0 0 in 3 3 years.

(Solving for i) You are considering investing in a security that will pay you $4000 in 33 years.
a.If the appropriate discount rate is 8 percent, what is the present value of this investment?
b.Assume these investments sell for $669 in return for which you receive $4000 in 33 years. What is the rate of return investors earn on this investment if they buy it for $669?

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