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An American business needs to pay (a)10,000Canadian dollars, (b)2million yen, and c. 50,000

Swiss francs to businesses abroad. What are the dollar payments to the respective countries?

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Part 1

a.The dollar payment to Canada is

$__(Round to the nearest dollar.)

b.

c.

\begin{tabular}{|lcc|} \hline \multicolumn{3}{|l|}{ Selling Quotes for Foreign Currencies in New York } \\ Country-Currency & Contract & S/Foreign Currency \\ Canada-dollar & Spot & 0.8341 \\ & 30-day & 0.8321 \\ & 90-day & 0.8299 \\ Japan-yen & Spot & 0.004736 \\ & 30-day & 0.004769 \\ & 90-day & 0.004833 \\ Switzerland-franc & Spot & 0.5071 \\ & 30-day & 0.5101 \\ & 90-day & 0.5247 \\ \hline \end{tabular} \begin{tabular}{|lcc|} \hline \multicolumn{3}{|l|}{ Selling Quotes for Foreign Currencies in New York } \\ Country-Currency & Contract & S/Foreign Currency \\ Canada-dollar & Spot & 0.8341 \\ & 30-day & 0.8321 \\ & 90-day & 0.8299 \\ Japan-yen & Spot & 0.004736 \\ & 30-day & 0.004769 \\ & 90-day & 0.004833 \\ Switzerland-franc & Spot & 0.5071 \\ & 30-day & 0.5101 \\ & 90-day & 0.5247 \\ \hline \end{tabular}