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#13 What is the present value of a ( $ 400 ) perpetuity if the interest rate is ( 8 % ) ? If interest

#13 What is the present value of a $ \$ 400 $ perpetuity if the interest rate is $ 8 \% $ ? If interest rates doubled to $ 16 \% $, what would its present value be? Round your answers to the nearest 2 answers

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