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PRESENT VALUE OF A PERPETUITY What is the present value of a $700 perpetuity if the interest rate is 10%? Round your answer to the

PRESENT VALUE OF A PERPETUITY What is the present value of a $700 perpetuity if the interest rate is 10%? Round your answer to the nearest cent. $ If interest rates doubled to 20%, what would its present value be? Round your answer to the nearest cent.

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