Question: Present value of a perpetuity What is the present value of a $300 perpetuity if the interest rate is 9%? Round your answer to the

Present value of a perpetuity

What is the present value of a $300 perpetuity if the interest rate is 9%? Round your answer to the nearest cent.

If interest rates doubled to 18%, what would its present value be? Round your answer to the nearest cent.

Effective interest rate

You borrow $265,000; the annual loan payments are $17,238.63 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

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