Question

Assume that a Toyota sold for 1,476,000 yen in 1990. If the price for this automobile was $8,200 in 1985, and the car still sells for the same amount of yen today, but the current exchange rate is 90 yen per dollar, what is the car selling for today in U.S. dollars?
A) $ 14,760
B) $16,400
C) $18,204
D) $12,062

Answer

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