Question: #13 What is the present value of a ( $ 400 ) perpetuity if the interest rate is ( 8 % ) ? If interest

#13 What is the present value of a \( \$ 400 \) perpetuity if the interest rate is \( 8 \% \) ? If interest rates doubled to \( 16 \% \), what would its present value be? Round your answers to the nearest 2 answers

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