1. An Israeli company is buying medical equipment from a US company. Each medicine they are buying is 600 USD and the company is buying 500 boxes of these medicines. The Israeli company goes to an Israeli bank for a forward contract and fixes the exchange rate at 3 ISL = 1 USD and the Israeli bank charges the company 0.02 Shekel for every USD to be converted. How much did the Israeli company pay the bank for the contract?

   		300,000 ISL
   		125000 ISL
   		3000 ISL
   		6000 ISL