Question

In: Finance

In 1985, a particular Japanese imported automobile sold for 1937720 yen or $10334.

In 1985, a particular Japanese imported automobile sold for 1937720 yen or $10334. If the car still sells for the same amount of yen today but the current exchange rate is 134 yen per dollar, what is the car selling for today in U.S. dollars?

Solutions

Expert Solution

$14,461
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Statement showing Computations
Particulars Amount
Value of car in japanese Yen                1,937,720.00
current exchange rate 134 yen per dollar
car selling for today in U.S. dollars = 1937,720/134                      14,460.60

jeff jeffy answered 2 years ago
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