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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$1.3027. a. How many

A bank in Toronto charges 3.50% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3027.

a. How many Canadian dollars will you have to pay to purchase US$1,430?

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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