Question: for accuracy please do not round any numbers until the final answer therefore calcultions inbetween should not be rounded for accuracy. thank you!! -Our A
for accuracy please do not round any numbers until the final answer therefore calcultions inbetween should not be rounded for accuracy. thank you!!
-Our A bank in Toronto charges 2.5% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1168. a. How many Canadian dollars will you have to pay to purchase US$3,500? $0.00 Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest cent
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
