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Quintana Inc.ra U.S firm, has just borrowed euro 1,000,000 to make improvernents to an Italian fruit plantation and processing plant. If the interest rate is

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Quintana Inc.ra U.S firm, has just borrowed euro 1,000,000 to make improvernents 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 $1.30/E 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)? $1,255,45061,371,500$1,055,000$1,371,500

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