Problem 6.04 – Pulau​ Penang, Malaysia

Multinational Business Finance

Eiteman, Stonehill, and Moffett

16th Edition

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Difficulty – Medium

Theresa Nunn is planning a 30-day vacation in Pulau Penang, Malaysia, one year from now. The hotel charges a certain amount per day for a luxury suite plus meals, and any increase in the room charges will be limited to the increase in the Malaysian cost of living. Malaysian inflation is expected to be a certain percentage per annum, while U.S. inflation is expected to be another percentage. How much might Theresa need to pay one year from now for her 30-day vacation?

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