Rare bottle of red bordeaux wine

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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 return of 5% per year above inflation?

Reference no: EM131044428

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Rare bottle of red bordeaux wine : 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 return of 5% per year above inflatio..
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