Question: Questions Problem 5.16 (Present Value of a Perpetuity) Question 13 of 20 11. Check My Work (3 remaining) 12. 13. eBook 14. What is the

Questions Problem 5.16 (Present Value of a Perpetuity) Question 13 of 20 11. Check My Work (3 remaining) 12. 13. eBook 14. What is the present value of a $400 perpetuity if the interest rate is 10%? If interest rates doubled to 20%, what would its present value be? Round your answers to the nearest cent. 15. 16. Present value at 10%: $ 17. O Present value at 20%: $ 18. 19. 20
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