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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The Answer of 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

The Price of an Antique Is Expected to Rise by 4