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Problem 7-3 (Algo) International cash management [LO7-2] Orbital Communications has operating plants in over 100 countries, it also keeps funds for transactions purposes in many

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Problem 7-3 (Algo) International cash management [LO7-2] Orbital Communications has operating plants in over 100 countries, it also keeps funds for transactions purposes in many foreign countres Assume in 2010 it held 320,000 kronas in Norway worth $57000. The funds drew 12 percent interest, and the krone increased 5 percent against the dollar What is the value of the holdings, bosed on US. dollars at year-end

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