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Present value of a perpetuity What is the present value of a $700 perpetuity if the interest rate is 9%? Round your answer to the

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Present value of a perpetuity What is the present value of a $700 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. $ ______

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