Question
Suppose that you have borrowed JPY 75,000,000 from a eurobank. Also assume that interest rate on JPY is 2% per year and the exchange rate
Suppose that you have borrowed JPY 75,000,000 from a eurobank. Also assume that interest rate on JPY is 2% per year and the exchange rate was JPY 111.24/$ at the time when of loan. A year later, JPY has appreciated by 3%. How much interest and principle will you pay at the end of the first year if you repay the entire loan plus interest (rounded and in USD)?
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Ebay Tips And Tricks To Increase Your Ebay Sales
Authors: Jessica Wilson
1st Edition
1774854015, 978-1774854013
