Question: HELP ASAP (Related to Checkpoint 5.6) (Solving for i ) You are considering investing in a security that will pay you $5,000 in 33 years.
HELP ASAP
(Related to Checkpoint 5.6) (Solving for i ) You are considering investing in a security that will pay you $5,000 in 33 years. a. If the appropriate discount rate is 8 percent, what is the present value of this investment? b. Assume these investments sell for $1,061 in return for which you receive $5,000 in 33 years. What is the rate of return investors eam on this investment if they buy it for $1,061 ? a. If the appropriate discount rate is 8 percent, the present value of this investment is $ (Round to the nearest cent)
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