Question
11.You purchased a rare bottle of red Bordeaux wine 15 years ago for $65 as an investment. If inflation has been 4% per year for
11.You purchased a rare bottle of red Bordeaux wine 15 years ago for $65 as an investment. If inflation has been 4% per year for the last 15 years, how much would you need to sell the wine for to have made a real returnof 5% per year above inflation?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
