Question about finance
In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S. dollars?
(a) $5.964
(b) $8,200
(c) $10,250
(d) $12,628
(e) $13,525
I need the formula please....
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