What is the present value of a $700 perpetuity if the interest rate is 6 Round your answer to the nearest cent If interest rates doubled to 12 , what would its present value be Round your answer to the nearest cent

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What is the present value of a $700 perpetuity if the interest rate is 6%? Round your answer to the nearest cent. If interest rates

What is the present value of a $700 perpetuity if the interest rate is 6%? Round your answer to the nearest cent.
If interest rates doubled to 12%, what would its present value be? Round your answer to the nearest cent.

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