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 .8463
30-day .8434
90-day .8414
Japan - yen spot .004737
30-day .004777
90-day .004844
Switzerland - franc spot .5059
30-day .5098
90-day .5254

An American business needs to pay (a) 15,000 Canadian dollars, (b) 1.5 million yen, and (c)

55,000 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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