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PRESENT VALUE OF A PERPETUITY a. what is the present value of a $100 perpetuity if the interest rate is 3%? Round your answer to

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PRESENT VALUE OF A PERPETUITY a. what is the present value of a $100 perpetuity if the interest rate is 3%? Round your answer to the nearest cent. b. If interest rates doubled to 6%, what would its present value be? Round your answer to the nearest cent

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