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Present value of a perpetuity What is the present value of a $300 perpetuity if the interest rate is 9%? Round your answer to the
Present value of a perpetuity
What is the present value of a $300 perpetuity if the interest rate is 9%? Round your answer to the nearest cent.
$
If interest rates doubled to 18%, what would its present value be? Round your answer to the nearest cent.
$
Effective interest rate
You borrow $265,000; the annual loan payments are $17,238.63 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.
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