Present Value of a Perpetuity A perpetuity pays $120 per year and interest rates are 6.7 percent. How much would its value change if interest rates increased to 9.2 percent?

Present Value of a Perpetuity A perpetuity pays $120 per year and interest rates are 6.7 percent. How much would its value change if interest rates increased to 9.2 percent? Multiple Choice $486.69 increase $300.00 decrease $486.69 decrease $300.00 increase