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You are considering investing in a security that will pay you $5,000 in 29 years. a. If the appropriate discount rate is 11 percent, what

You are considering investing in a security that will pay you $5,000 in 29 years.

a. If the appropriate discount rate is 11 percent, what is the present value of this investment?

b.Assume these investments sell for $2116 in return for which you receive $5000 in 29 years. What is the rate of return investors earn on this investment if they buy it for $2116?

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Part 1 a.If the appropriate discount rate is percent, the present value of this investment is $ . (Round to the nearest cent.)

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