Spot exchange rates
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Canada-dollar Spot .8437
30-day .8417
90-day .8395
Japan-yen Spot .004684
30-day .004717
90-day .004781
Switzerland-franc Spot .5139
30-day .5169
90-day .5315
(Spot exchange rates) An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, and (c) 50,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries?
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Solution Summary
The solution calculates the Value of foreign currency in terms of U.S. dollars.
Solution Preview
Canada - dollar (CAD)
Spot 0.8437
30 day 0.8417
90 day 0.8395
Japan - yen (JPY)
Spot 0.004684
30 day 0.004717
90 day 0.004781
Switzerland - franc (CHF)
Spot 0.5139
30 ...
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