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14. Problem 5.16 (Present Value of a Perpetuity) A-Z eBook What is the present value of a $100 perpetuity if the interest rate is 9%?

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14. Problem 5.16 (Present Value of a Perpetuity) A-Z eBook What is the present value of a $100 perpetuity if the interest rate is 9%? If interest rates doubled to 18%, what would its present value be? Round your answers to the nearest cent Present value at 9%: $ Present value at 18%: $ nar hor

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