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LG 3 P19-3 EXCHANGE RATES Fred Nappa is planning to take a wine-tasting tour through Italy this summer. The tour will cost 2,750 euros
LG 3 P19-3 EXCHANGE RATES Fred 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 $1,490; he also will incur another $300 (U.S.) in incidental travel expenses. Fred estimates the cost of meals in Italy to be about 500, and he will take an additional $1,000 to cover miscellaneous expenditures. Currently, the exchange rate is 1.3411($/) or .7456($/). a. Determine the total dollar cost of the trip to Italy. b. Determine the amount of euros () Fred will need to cover meals and miscellaneous expenditures.
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