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Consider that you currently have $400,000 pesos, which at current parity is equivalent to $20,000 dollars. If banks in Mexico pay 8% annual interest on

Consider that you currently have $400,000 pesos, which at current parity is equivalent to $20,000 dollars. If banks in Mexico pay 8% annual interest on deposits to a year and banks in the USA pay 1.5% per year on similar deposits What is the daily slippage from which it is convenient to deposit our money in the USA?

Answer: 0.004 pesos

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