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a. Suppose you want to convert U.S. Dollars into Indian Rupees. If you have $1,680,000 and the exchange rate is $0.0263 per rupee, how many
a. Suppose you want to convert U.S. Dollars into Indian Rupees. If you have $1,680,000 and the exchange rate is $0.0263 per rupee, how many rupees will you receive in the conversion?
b. Suppose you are a U.S. investor who is planning to invest $175,000 in Japan. You do so at a starting exchange rate of 84.78 /$. Your Japanese investment gains 7.50 percent, and the ending exchange rate is 83.06 /$. What is your total return on this investment?
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