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GM and Isuzu Truck agree on a Risk-Sharing agreements that all purchases by GM will be made in South African Rand (ZAR) at the current

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GM and Isuzu Truck agree on a Risk-Sharing agreements that all purchases by GM will be made in South African Rand (ZAR) at the current exchange rate, as long as the spot rate on the date of invoice is between, say, ZAR 15/$ and ZAR 17/5 GM has an account payable of ZAR 1,450,000 for the month of March. If the spot rate on the date of invoice is ZAR 18/5, how much GM's payment would be? [A]

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