Question
Exchange ratesPersonal Finance ProblemFred Nappa is planning to take a wine-tasting tour through Italy this summer. The tour will cost 2,750 euros () and includes
Exchange ratesPersonal Finance ProblemFred Nappa is planning to take a wine-tasting tour through Italy this summer. The tour will cost 2,750 euros () and includes transportation, hotels, and a guide. Fred estimates that round-trip airfare from his home in North Carolina to Rome, Italy, will be $1,468; he also will incur another $310 in incidental travel expenses. Fred estimates the cost of meals in Italy to be about 525, and he will take an additional $1,050 to cover miscellaneous expenditures. Currently the exchange rate is $1.3434/1.00 (or 0.74438/$1.00).
a.The total cost of the trip in dollars is $enter your response here. (Round to the nearest dollar.)
b.The amount of euros for meals and miscellaneous expenditures is enter your response here. (Round to the nearest euro.)
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