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A bank in Toronto charges 3.50% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3503. A bank in

A bank in Toronto charges 3.50% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3503.

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A bank in Toronto charges 3.50% commission to buy and sell currencies. Assume that the current exchange rate is US\$1 =C$1.3503. a. How many Canadian dollars will you have to pay to purchase US\$1,405? Round to the nearest cent b. How much commission in Canadian dollars (C\$) will you pay the bank for the above transaction? Round to the nearest cent

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