Question
Hampshire Motors Ltd., a British manufacturing company, wants to buy a production machine that isn't available in England. Comparable products are made by an American
Hampshire Motors Ltd., a British manufacturing company, wants to buy a production machine that isn't available in England. Comparable products are made by an American company and a French firm. The Americans have quoted Hampshire a price of $185000, while the French want 200000. How much is each price in British pounds? Calculate a cross rate to state the French quote in pounds. Use the exchange rates from the table below.
| Cross rate (to four decimal places): | ||
| The American quote (to the nearest whole): | ||
| The French quote (to the nearest whole): |
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Illustrating Finance Policy With Mathematica
Authors: Nicholas L. Georgakopoulos
1st Edition
3319953710, 978-3319953717
