Location 1:Buenos Aires, ArgentinaCurrency used: Argentine pesoAverage cost of accommodation per day: $35 US DollarsAverage cost of airfare: $1,112 US DollarsCurrency exchange rate: 85.11 Argentine pesos per 1 US Dollar

Location 2: Seoul, South KoreaCurrency used: South Korean won Average cost of accommodation per day: $94 US DollarsAverage cost of airfare: $845 US DollarsCurrency exchange rate: 1093 South Korean Wons per 1 US Dollar

Location 3: New Delhi, IndiaCurrency used: Indian RupeeAverage cost of accommodation per day: $40 US DollarsAverage cost of airfare: $858 US DollarsCurrency exchange rate: 73.38 Indian Rupee per 1 US Dollar

Instead of saving your money in a savings account- you want to plan a trip for spring break. Therefore, you have $6,500 to spend.

Question: Before you select one of the locations provided above, determine if you want to save any of your money. If so, what percentage do you want to save? _____

1.Create a budget for your trip using the amount of spending money you decided to use from your $6,500. The budget you create must be in the currency of the location you decide to travel to. (Your budget cannot be in U.S. Dollars, you must convert your dollars into the currency of the country you select!)

a. Based on the percentage of the money you decided to save calculate the amount of money you will spend on the trip.

b. Your budget should include the following airfare, transportation for your entire trip, food expenses, accommodations, sightseeing and activities, and any other expenses you may have.

c. Calculate the percentage of the money you will spend on Accommodations- What percentage of your money will you spend on accommodations?

Airfare- What percentage of your money will you spend on airfare?

Food expenses- What percentage of your money will you spend on food expenses?

Sightseeing & activities- What percentage of your money will you spend on sightseeing?

Transportation- What percentage of your money will you spend on transportation?