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On July 15, 2016, you convert 670,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to

On July 15, 2016, you convert 670,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 91 for this problem. (Round your answer to 2 decimal places. (e.g., 32.16))

Country/ currency FRI (IN US$) THURS (IN US$) FRI (PER US$) THURS (PER US$)
Japan Yen 0.00953 0.00949 104.91 105.35
1-month forward 0.0095320 0.0094918 104.90991 105.35397
3-month forward 0.0095320 0.00949235 104.90980 105.34796
6-month forward 0.0095320 0.00949237 104.90961 105.34777

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