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1. Problem 5.16 (Present Value of a Perpetuity) ebook What is the present value of a $500 perpetuity if the interest rate is 4% af

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1. Problem 5.16 (Present Value of a Perpetuity) ebook What is the present value of a $500 perpetuity if the interest rate is 4% af interest rates doubled to 8%, what would its present value be7 Round your answers to the nearest cent. Present value at 4%:$ Present value at 8%:$

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