Determine the present value of a $3,500 perpetuity if the interest rate is 7%. If interest rates were to double to 14%, calculate the present value.
Determine the present value of a $3,500 perpetuity if the interest rate is 7%. If interest rates were to double to 14%, calculate the present value.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Determine the present value of a $3,500 perpetuity if the interest rate is 7%. If interest rates were to double to 14%, calculate the present value.
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