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You borrow 1 0 million yen at 1 . 5 % in early 2 0 2 3 and convert it to US dollars at 1

You borrow

10

million yen at

1.5 %

in early

2023

and convert it to US dollars at

140

yen to the US dollar. Over one year you earn

5 %

interest on your money. If you convert back to yen in early

2024

150

yen to the US dollar, how much money did you make?

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