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What is the present value of a $700 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its present

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What is the present value of a $700 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its present value be? Round your answers to the nearest cent. Present value at 7%: $ Present value at 14%: $ f you deposit money today in an account that pays 12.5% annual interest, how long will it take to double your money? Round your nswer to two decimal places. years

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