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All else constant, if the interest rate increases, what happens to the present value of some amount of money to be received in the future?

All else constant, if the interest rate increases, what happens to the present value of some amount of money to be received in the future? For example, what will happen to the present value of $15,000 to be received n years from today (where n > 0) if the interest rate increases from 5% to 10%?

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