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How many yen will you be able to purchase

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Reference no: EM132376315

You are American and plan to move to Japan in three months where you will live for one year to complete advanced training in language studies. At the time of your move you will have saved $35,000, which you will need to convert to yen. Over the next three months, the dollar is expected to depreciate against the yen by 1.97%. Today's quote is: ¥/$ = 101.34. How many yen will you be able to purchase with $35,000 today?

Reference no: EM132376315

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