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explain by using dinancial calculator step by step thanj you. eBook What is the present value of a $500 perpetuity if the interest rate is

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eBook What is the present value of a $500 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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