You are considering investing in a security that will pay you $4000 in 28 years. a.If the appropriate discount rate is 10 percent, what is the present value of this investment? b.Assume these investments sell for $1201 in return for which you receive $4000 in28 years. What is the rate of return investors earn on this investment if they buy it for $1201?

If the appropriate discount rate is

10

percent, the present value of this investment is

$enter your response here.

(Round to the nearest cent.)