What is the present value of a $700 perpetuity if the interest rate is 8 Round your answer to the nearest cent $ If interest rates doubled to 16 , 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 8%? Round your answer to the nearest cent. $ If interest

What is the present value of a $700 perpetuity if the interest rate is 8%? Round your answer to the nearest cent.

$
If interest rates doubled to 16%, what would its present value be? Round your answer to the nearest cent.

$

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