Question: I couldnt get the same answer as per my working below , can you show me how to get the same exact exact which is

I couldnt get the same answer as per my working below , can you show me how to get the same exact exact which is 438833? Thank you

BHP Billiton, an Australian Multinational Company, has borrowed fund from China for its subsidiary in China and will pay 2 million Chinese yuan (CNY) including interest in one year, Also, the BHP Billiton has the following market information and considers that the Purchasing Power Parity (PPP) does hold, How much Australian dollar the BHP Billiton will pay that equivalent to 2 million CNY after one year? (enter the whole number with no sign or symbol) In Australian dollar Chinese yuan Spot rate (A$) (CNY) 19 Real interest rate p.a. 3.22% 3.22% Nominal interest rate p.a. Home lumens 8.78% 11.37% Today's spot rate ( 0. 6878 ) (0. 1 137 ) A$0/2248/CNY I year Exchange rate = Spot rake + ( It nomin Answer: X C It now The correct answer is: 438833 = 0-2248 X ( 1+ 6. 0878 ) Cit 0. (137 ) - 0.2248 x 0-9767 0 . 2196 7 CNY 1 1000 100 43 9, 200 Dashbo
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