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Business, 25.12.2019 20:31 tessadummer0033

Suppose you open a mexican peso bank deposit with 100 u. s. dollars when the exchange rate is 10 pesos per dollar. the peso deposit pays 20% per year interest. after one year the exchange rate equals 12 pesos per dollar. how many dollars is your peso deposit worth after one year?

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Suppose you open a mexican peso bank deposit with 100 u. s. dollars when the exchange rate is 10 pes...
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