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(Solving for i) You are considering investing in a security that will pay you $3,000 in 29 years. a.If the appropriate discount rate is 9

(Solving for i) You are considering investing in a security that will pay you $3,000 in 29 years. a.If the appropriate discount rate is 9 percent, what is the present value of this investment? b.Assume these investments sell for $1,052 in return for which you receive $3,000 in 29 years. What is the rate of return investors earn on this investment if they buy it for $1,052?

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