A perpetuity pays 140 per year and interest rates are 99


A perpetuity pays $140 per year and interest rates are 9.9 percent.

How much would its value change if interest rates decreased to 8.4 percent?

(Round your answer to 2 decimal places.)

Did the value increase or decrease?

Increase

Decrease

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Operation Management: A perpetuity pays 140 per year and interest rates are 99
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