The Price of an Antique Is Expected to Rise by 5

question 20

Multiple Choice

The price of an antique is expected to rise by 5% during the next year.The interest rate is 10%.You are thinking of buying an antique and selling it a year from now.You would be willing to pay a total of 500 dollars for the pleasure of owning the antique for a year.How much would you be willing to pay to buy this antique? (See Problem 5.)

• A)5,000 dollars.
• B)10,000 dollars
• C)10,500 dollars
• D)500 dollars
• E)5,000 dollars

---

Definitions:

Table Tools Design Tab

A feature within database management software that provides options for modifying the structure and design of database tables.

Font Box

A user interface element that allows users to select font attributes like typeface, size, and style.

Home Tab

The primary tab in many software applications that provides quick access to the most commonly used features and functions.

Font Color

The color applied to textual content in documents, websites, or applications to enhance readability or aesthetic appeal.