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Patrick Jones is interested in purchasing a 65'' tv for his living room. he knows that right now the tv will cost him approximately $500.

Patrick Jones is interested in purchasing a 65'' tv for his living room. he knows that right now the tv will cost him approximately $500. Patrick wants to borrow the money to purchase the tv but is concerned that the interest rates are going to fall in the future. he is worried that he might get stuck with a loan at a high interest rate, what type of risk is Patrick worried about?

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