Question: Back to Assignment Keep the Highest / 2 Attempts 12. Problem 5.16 Click here to read the eBook: Perpetuities PRESENT VALUE OF A PERPETUITY a.

Back to Assignment Keep the Highest / 2 Attempts 12. Problem 5.16 Click here to read the eBook: Perpetuities PRESENT VALUE OF A PERPETUITY a. What is the present value of a $100 perpetuity if the interest rate is 3%? Round your answer to the nearest cent. $ b. If interest rates doubled to 6%, what would its present value be? Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving

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