Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An Australian garments importer has received summer polo shirts from India and will pay 3 million Indian rupees (INR) in one year. The importer expects

An Australian garments importer has received summer polo shirts from India and will pay 3 million Indian rupees (INR) in one year. The importer expects that the value of the INR will appreciate by 21.58% against the Australian dollar from todays spot rate of 0.2666 in one year. How much Australian dollar needs to pay 3 million INR after one year? (enter the whole number with no sign or symbol)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credit Rating Agencies On The Watch List Analysis Of European Regulation

Authors: Raquel GarcĂ­a Alcubilla , Javier Ruiz Del Pozo

1st Edition

0199608865,0191640999

More Books

Students also viewed these Finance questions

Question

Find the mass of a 165-lb man in kilograms.

Answered: 1 week ago

Question

u = 5 j , v = 6 i Find the angle between the vectors.

Answered: 1 week ago