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Present Value of a Perpetuity What is the present value of a perpetuity of $200 per year if the appropriate discount rate is 10.37%? Round

Present Value of a Perpetuity

What is the present value of a perpetuity of $200 per year if the appropriate discount rate is 10.37%? Round your answer to the nearest cent. $

If interest rates in general were to double and the appropriate discount rate rose to 20.74%, what would its present value be? Round your answer to the nearest cent. $

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