A year ago, a German investor bought a piece of land in Canada for $1,000,000 CAD. The exchange rate at the time was 0.6723 Euro per CAD. The German investor borrowed all the money in Euros using a 10 year note with an annual rate of 3%. What were the monthly payments in Euros? 5 points Today, the exchange rate is 0.6516 Euro per CAD. The investor sells the property and has an annual return of 17% in Euros. What was the selling price of the property in CAD? 10 points How much equity (in Euros) is in the property today? 5 points Has the CAD gotten weaker or stronger relative to the Euro over the last year? 5 points Did the change in the exchange rate help the German investor or hurt? Explain\

BAII PLUS