In 1998 a particular japanese imported automobile sold for, Ask an Expert

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In 1998, a particular Japanese imported automobile sold for 1,476,000 yen or $8,200. If the car still sells for the same amount of yen today but the current exchange rate is 144 yen per dollar, what is the car selling for today in U.S. dollars?

Answer

A $10,250
B $12,628
C $ 8,200
D $ 5,964
E $13,525

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