a What is the present value of a $300 perpetuity if the interest rate is 5 Round your answer to the nearest cent b If interest rates doubled to 10 , what would its present value be Round your answer to the nearest cent

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a What is the present value of a $300 perpetuity if the interest rate is 5%? Round your answer to the nearest cent. b If

a What is the present value of a $300 perpetuity if the interest rate is 5%? Round your answer to the nearest cent.

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b If interest rates doubled to 10%, what would its present value be? Round your answer to the nearest cent.

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