One U.S. dollar is worth ($ 1.23) Canadian dollars. Rene is traveling from Canada to the United

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One U.S. dollar is worth \(\$ 1.23\) Canadian dollars. Rene is traveling from Canada to the United States and wants to convert \(\$ 550\) of Canadian money to U.S. money. How much in U.S. money should he receive? Round your answer to the nearest cent.

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