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8.A U.S. manufacturer placed an order with a German company for some specialized production equipment. The final cost of the order was 78,500 EUR. From
8.A U.S. manufacturer placed an order with a German company for some specialized production equipment. The final cost of the order was 78,500 EUR. From the time negotiations began until the order was completed and payment needed to be made, the currency exchange rate between the U.S. dollar and the Euro has gone from $1.252USD/EUR and $1.273USD/EUR. How much more did the U.S. company have t pay based on the rate change? What was the percentage of price increase in U.S. dollars?
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