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Satsume Satsume
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6 years ago
Refer to Scenario 15.1.  If the interest rate falls,
A) the present value of this contract will fall.
B) the present value of this contract will be unaffected.
C) the present value of this contract will rise.
D) Jacob will be paid less than $10 million each year.
E) Jacob will be paid more than $10 million each year as he can invest the money.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
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6 years ago
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Satsume Author
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6 years ago
Helped a lot
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You make an excellent tutor!
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Correct Slight Smile TY
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