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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

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%:5 present value at 14% : $

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