$($Related to Checkpoint $5\mathrm{.}6)($Solving for i$)$ You are considering investing in a security that will pay you $$4000$ in $31$ years. If the appropriate discount rate is $11$ percent, what is the present value of this investment? Assume these investments sell for $$1659$ in return for which you receive $$4000$ in $31$ years. What is the rate of return investors earn on this investment if they buy it for $$1659?$ Question content area bottom Part $1$ a$.$ If the appropriate discount rate is $11$ percent, the present value of this investment is $($round your answer to the nearest cent$)$ $enter your response here.