Question: Question 3 a) Use the information below to answer the following question Exchange Rate Interest Rat APR So(SVE) S1.60 1.00 F360(S/E) 1.58 1.00 rS iE

Question 3 a) Use the information below to answer the following

Question 3 a) Use the information below to answer the following question Exchange Rate Interest Rat APR So(SVE) S1.60 1.00 F360(S/E) 1.58 1.00 rS iE 2% 4% If you borrowed 1,000,000 for one year, how much money would you owe at maturity? b) Use the information below to answer the following question. Exchange Rate Interest RateAPR So(SVE) S1.60 1.00 F360(S/) 1.58 1.00 rS ie 2% 4% If you had 1,000,000 and traded it for USD at the spot rate, how many USD will you get

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