Question: (Converting currencies) The data for the following problem is given in the popup window: Country - Currency Contract $/ Foreign Currency Canada - dollar spot

(Converting currencies) The data for the following problem is given in the popup window:

Country - Currency Contract $/ Foreign Currency
Canada - dollar spot .8335
30-day .8315
90-day .8293
Japan - yen spot .004739
30-day .004772
90-day .004836
Switzerland - franc spot .5129
30-day .5159
90-day .5305

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?

a.The dollar payment to Canada is $_ (Round to the nearest dollar.)

b.The dollar payment to Japan is $_ (Round to the nearest dollar.)

c.The dollar payment to Switzerland is $_ (Round to the nearest dollar.)

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