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6. You are considering buying a rare Ming vase. Knowing something about the market for East Asian art, you are convinced that in exactly three
6.You are considering buying a rare Ming vase. Knowing something about the market for East Asian art, you are convinced that in exactly three year's time, Ming-era ceramics will be especially popular, and you will be able to sell the vase for $110,000.
If you don't buy the vase, you'll simply put your money in a savings account for three years at 1.5% interest.
What is the most you should pay for the vase today? Round your answer to the nearest dollar.
Show your calculations.
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