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need help !!! 4. A year ago, an American company borrowed one million GBP at an interest rate of 0,5% a year. The company immediately
need help !!! 
4. A year ago, an American company borrowed one million GBP at an interest rate of 0,5% a year. The company immediately converted the pounds to Japanese yen (JPY) and invested it at rate of 1.475% a year. The exchange rate at the time was 129.53 JPY per GBP. Using the exchange rates found in today's WSJ (use the WSJ), how many USD would the American fimm have today after converting the JPY back to GBP, paying of the loan and then converting the GBP to USD? Explain the results Step by Step Solution
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1st Edition
1264698941, 978-1264698943
