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You are considering buying a rare Ming vase. Knowing something about the market for East Asian art, you are convinced that in exactly three years

You are considering buying a rare Ming vase. Knowing something about the market for East Asian art, you are convinced that in exactly three years time, Ming-era ceramics will be especially popular, and you will be able to sell the vase for $110,000. If you dont buy the vase, youll 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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