Question 18.45

15. In 1991, Edward N. Lorenz, a meteorologist who was an early researcher into chaos and dynamical systems (discussed in Chapter 23), received the Kyoto Prize in Basic Sciences, consisting of a gold medal and 45 million Japanese yen (¥). If at the time, what was the value of the cash award in 1991 U.S. dollars? (In Chapter 21, we show how to convert such an amount to its value in today’s dollars.)

15.

$360,000