Question: State the formula. That is the statement with the variables included. 2. Substitute into the formula. Convert the variables to constants/numbers. 3. Solve the problem.

State the formula. That is the statement with the variables included.

2. Substitute into the formula. Convert the variables to constants/numbers.

3. Solve the problem.

. 1) If the interest rates are .02 and .05 in Argentina and Canada respectively, what will happen to the peso versus the Canadian dollar, if presently they exchange as 100 pesos for one dollar? 1) Explain the concept of IFE with the aforementioned problem.

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