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Present value of a perpetuity What is the present value of a $900 perpetuity if the interest rate is 3%? Round your answer to the

Present value of a perpetuity

What is the present value of a $900 perpetuity if the interest rate is 3%? Round your answer to the nearest cent.

If interest rates doubled to 6%, what would its present value be? Round your answer to the nearest cent.

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