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(Solving for i) You are considering investing in a security that will pay you $2,000 in 35 years. If the appropriate discount rate is 11

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(Solving for i) You are considering investing in a security that will pay you $2,000 in 35 years. If the appropriate discount rate is 11 percent, what is the present value of this investment? Assume these investments sell for $485 in return for which you receive $2,000 in 35 years. What is the rate of return investors earn on this investment if they buy it for $485? If the appropriate discount rate is 11 percent, the present value of this investment is $51.8. (Round to the nearest cent.) The rate of return investors can earn on this investment if they buy it for $485 is %. (Round to two decimal places.)

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