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PRESENT VALUE OF A PERPETUITY A. What is the present value of a $800 perpetuity if the interest rate is 7%? Round your answer to

PRESENT VALUE OF A PERPETUITY

A. What is the present value of a $800 perpetuity if the interest rate is 7%? Round your answer to the nearest cent. $

B. If interest rates doubled to 14%, what would its present value be? Round your answer to the nearest cent. $

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