$($Solving for i$)$ You are considering investing in a security that will pay you $$$$3$ comma $000$ in $26$ years.

a$.$If the appropriate discount rate is $12$ percent$,$ what is the present value of this$$ investment?

b$.$Assume these investments sell for $$$$1$ comma $058$ in return for which you receive $$$$3$ comma $000$ in $26$ years. What is the rate of return investors earn on this investment if they buy it for $$$$1$ comma $058?$

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Part $1$

a$.$If the appropriate discount rate is $12$percent$,$ the present value of this investment is $$$

$$

$157\mathrm{.}56.($Round to the nearest$$ cent.$)$

Part $2$

b$.$The rate of return investors can earn on this investment if they buy it for $$$$1$ comma $058$ is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$