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You are currently living in France and your job pays you in Euro (€). You want to buy a new MacBook that costs €1,500 in France, and costs $1500 in the U.S. If the MacBook is purchased in the U.S., shipping to France and currency exchange fees amount to $150. These fees do not apply if you purchase the MacBook in France. In which country will it be cheaper to buy the MacBook if the current exchange rate is €.88324/$1 (ignore import tariffs in France)?

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Financial Management, Finance

Category:- Financial Management
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