I need help with parts 7 & 8 please.

Intro New York Greater Bank is a U.S. investment bank that wants to benefit from the interest rate differential between the euro area and Japan. A euro () costs $1.09 today, while a yen (M) costs $0.0094 today. The fund expects the exchange rates to still be $1.09 per euro and $0.0094 per yen in 6 months. Current annual interest rates are as follows: Currency Euro Yen Borrowing rate 7.5% 4.6% Lending rate 6.8% 4.1% The bank doesn't want to invest any of its own money, but can borrow 10,000,000 or 1,000,000,000. Assume there are 30 days in every month and 360 days per year. Ignore compounding when working with the interest rates. | Attempt 1/5 for 10 pts. Part 1 Should the bank borrow euros or yen? Euros Yen Correct Since the euro area has higher interest rates than Japan, the fund should borrow yen and invest the borrowed amount in euros. Attempt 1/10 for 10 pts. Part 2 What is the value of one euro in yen? 114 Correct Value of one euro in yen (cross exchange rate): Value of euro in $ $1.09/ Value of yen in $ $0.0094/ Sex,03 115.96 per Attempt 4/10 for 9 pts. Part 3 What is the value of the borrowed amount in euro? 8623853 Correct Value of yen borrowed: Vy,0 = 1,000,000,000 Value of yen converted to euro: 1,000,000,000 Veg = 8,623,853 115.96 / The fund borrows yen, then converts them immediately to euros for investment in the euro area. Vy. Sex, Part 4 Attempt 2/10 for 9 pts. What is the value of the invested amount after 6 months (in euro)? 8886881 Correct 1+r.6 30 360 V, =, (1 (1 = 8,623,853 (1 + 0.068 - 6. 30 360 = 8,917,064 Part 5 Attempt 1/10 for 10 pts. What is the value of loan, including principal and interest, after 6 months (in yen)? 1023000000 Correct V,6 = VY,0. (1+r.6. (1 30 360 30 = 1,000,000,000 - (1 +0.046 - 6. 360 = 1,023,000,000 Part 6 | Attempt 1/10 for 10 pts. What is the expected value of euros required to pay off the yen loan and interest (in euros): 8822202 Correct Loan Repayment: Vy,6 V, LR = 1,023,000,000 115.96 / 8,822,202 S,6 Part 7 Attempt 5/10 for 10 pts. What is the expected profit from the transaction (in euros)? + decimals Previous answers: 64679; 64678; 35000; 38150 Submit Attempt 4/10 for 10 pts. Part 8 What is the expected profit from the transaction (in $)? 0+ decimals Submit