Suppose you inherit an orange orchard and it generates an annual return of $16,000 . You want to sell it. The interest rate is 8 percent. What should you expect to receive for it?
a. $1,280
b. $2,400
c. 200,000
d. 192,000
e. not enough information is given
C
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A) right; increase B) right; decrease C) left; increase D) left; decrease
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a. True b. False Indicate whether the statement is true or false
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A) flexibility, monetary B) flexibility, fiscal C) stickiness, monetary D) stickiness, fiscal