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Business, 08.02.2021 23:10 joelpimentel

What is the present value of a perpetuity of $800 per year if the appropriate discount rate is 8%? Do not round intermediate calculations. Round your answer to the nearest cent. $ If interest rates in general were to double and the appropriate discount rate rose to 16%, what would happen to the present value of the perpetuity? When the interest rate is doubled, the PV of the perpetuity .

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