A U.S. firm exports products to a German firm and will receive payment of 200,000 in three months. On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. On June 1, the firm negotiated a forward contract with a bank to sell 200,000 forward in three months. The spot rate of the euro on September 1 is $1.15. the firm will receive $_______ for the euros.

		224,000
		230,000
		220,000
		200,000