International Products, Incorporated has ordered 10,000 leather coats from Argentina for delivery in six months. The contracted

Question:

International Products, Incorporated has ordered 10,000 leather coats from Argentina for delivery in six months. The contracted cost of a coat is 122 pesos. International Products will pay for the coats upon delivery. The current indirect is $1 for 1.2902 pesos. The anticipated inflation rate in the United States is 3% and 7% in Argentina. In U.S. dollars, how much will the 10,000 leather coats cost International Products at delivery?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...