Georgia received her grandfather's American currency collection as part of her inheritance. She decided to sell the

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Georgia received her grandfather's American currency collection as part of her inheritance. She decided to sell the collection to a bank when the exchange rate was C$1 = US$0.9324. The bank charged her a commission of 0.35%. How much did she receive from the bank, assuming that she was only able to sell US$40 of the collection?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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