The Price of an Antique Is Expected to Rise by 9

question 30

Multiple Choice

The price of an antique is expected to rise by 9% during the next year.The interest rate is 11%.You are thinking of buying an antique and selling it a year from now.You would be willing to pay a total of 900 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)8,181.82 dollars
• B)18,900 dollars
• C)900 dollars
• D)45,000 dollars
• E)9,000 dollars

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Definitions:

Plant Nutrients

Essential minerals and compounds that plants require for growth and development, including nitrogen, phosphorus, and potassium.

Thermal Pollution

The degradation of water quality by processes that change its temperature, often due to the disposal of heated industrial water or natural water bodies.

Thermal Shock

The stress induced in a material due to a rapid change in temperature.

Aquatic Organisms

Living beings that reside in water environments, including both freshwater and marine ecosystems.