You are planning to invest in fine wine. Each case costs $100, and you know from experience
Question:
a. How many cases should you buy, how long should you wait to sell them, and how much money will you receive at the time of their sale?
b. Suppose that at the time of purchase, someone offers you $130 per case immediately. Should you take the offer?
c. How would your answers change if the interest rate were only 5%?
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