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What is the present value of a $700 perpetuity if the interest rate is 9%? If interest rates doubled to 18%, what would its present
What is the present value of a $700 perpetuity if the interest rate is 9%? If interest rates doubled to 18%, what would its present value be? Round your answers to the nearest cent.
Present value at 9%: $
Present value at 18%: $
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
