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This Question: 1 pt 11 of 20 (6 complete) (Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will

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This Question: 1 pt 11 of 20 (6 complete) (Related to Checkpoint 5.6) (Solving for i) You are considering investing in a security that will pay you $1,000 in 33 years. a. If the appropriate discount rate is 12 percent, what is the present value of this investment? b. Assume these investments sell for $286 in return for which you receive $1,000 in 33 years. What is the rate of return investors eam on this investment if they buy it for $286? a. If the appropriate discount rate is 12 percent, the present value of this investment is $(Round to the nearest cent.) b. The rate of return investors can earn on this investment if they buy for $286 is % (Round to two decimal places.)

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