Mexico and Quartzite. The spot rate for Mexican pesos is

Ps12.43/$.

If the U.S.-based company Quartzite Inc. buys

Ps542,000

spot from its bank on

Thursday,

how much must Quartzite pay and on what date?

Question content area bottom

Part 1

How much must Quartzite pay?

The cost in US$ is

$43604.1843604.18.

(Round to the nearest cent.)

Part 2

On what day?(Select from the drop-down menus.)

Spot transactions are settled in

two

business days, so in this case,

Monday

.