Question: please this is really important to me i will appreciate if its solved accordingly A bank in Toronto charges 2.4% commission to buy and sell
please this is really important to me i will appreciate if its solved accordingly
A bank in Toronto charges 2.4% commission to buy and sell currencies. Assume that the current exchange rate is US $1=C$1.1205. a. How many Canadian dollars will you have to pay to purchase US $6,000? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest cent
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