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Click here to read the eBook: Perpetuities PRESENT VALUE OF A PERPETUITY a. What is the present value of a $900 perpetuity if the interest

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Click here to read the eBook: Perpetuities PRESENT VALUE OF A PERPETUITY a. What is the present value of a $900 perpetuity if the interest rate is 8%? Round your answer to the nearest cent. $ b. If interest rates doubled to 16%, what would its present value be? Round your answer to the nearest cent. $

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