The Price of an Antique Is Expected to Rise by 4

question 12

Multiple Choice

The price of an antique is expected to rise by 4% during the next year.The interest rate is 6%.You are thinking of buying an antique and selling it a year from now.You would be willing to pay a total of 400 dollars for the pleasure of owning the antique for a year.How much would you be willing to pay to buy this antique?

• A)6,666.67 dollars
• B)8,400 dollars
• C)400 dollars
• D)20,000 dollars
• E)4,000 dollars

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Definitions:

Self-Starters

Individuals who are motivated and begin or proceed with tasks without requiring external encouragement or pressure.

Course Of Action

A plan or method adopted to address a problem or achieve a goal, involving a sequence of steps or actions.

Vision And Mission

Broad declarations that guide an organization's purpose, objectives, and path; the vision outlines the desired future state, while the mission describes the organization's current operations and purpose.

High Failure Rate

A situation where a significant portion of attempts or processes result in failure, indicating a lack of effectiveness or reliability.