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What is the present value of a $ 3 0 0 perpetuity if the interest rate is 8 % ? If interest rates doubled to

What is the present value of a $

300

perpetuity if the interest rate is

8 % ?

If interest rates doubled to

16 %,

what would its present value be

?

Round your answers to the nearest cent.

Present value at

8 %

: $

Present value at

16 %

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