Ashley, Has Discovered Another Wine, Wine D

question 22

Multiple Choice

Ashley, has discovered another wine, wine D.Wine drinkers are willing to pay 70 dollars to drink it right now.The amount that wine drinkers are willing to pay will rise by 10 dollars each year that the wine ages.The interest rate is 10%.How much would Ashley be willing to pay for the wine if he buys it as an investment? (Pick the closest answer.)

• A)770 dollars
• B)100 dollars
• C)70 dollars
• D)75 dollars
• E)91 dollars

---

Definitions:

Height

A measurement of an individual or object from base to top or head to foot, commonly used in various contexts to determine vertical length.

Inches

A unit of length in the Imperial and United States customary systems, equivalent to 1/12th of a foot or 2.54 centimeters.

Pounds

Pounds are a unit of weight measurement in the imperial system, equivalent to 0.453592 kilograms.

Least Squares Line

A regression line determined by minimizing the sum of the squares of the differences between observed and predicted values.