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Quintana Inc, a U.S form, has just borrowed euro 1,000,000 to make improvements to an Italian fruit plantation and processing plant . If the interest

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Quintana Inc, a U.S form, has just borrowed euro 1,000,000 to make improvements to an Italian fruit plantation and processing plant . If the interest rate is 5.50% per year and the Euro appreciates against the dollar from $1.10/ at the time the loan was made to $1.23/ at the end of the first year, how much interest and principle will Quintana pay at the end of the first year if they repay the entire loan plus interest (rounded)? $1.055.000 1 297650 51.287.100 $1.297,550

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