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14. Problem 5.16 (Present Value of a Perpetuity) eBook What is the present value of a $400 perpetuity If the interest rate is 5*? If

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14. Problem 5.16 (Present Value of a Perpetuity) eBook What is the present value of a $400 perpetuity If the interest rate is 5*? If interest rates doubled to 10%, what would its present value be? Round your answers to the nearest cent. Present value at 5%:$ Present value at 10%:$

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