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Related to Checkpoint 19.1) (Converting currencies) The data for the following problem is given in the popup window:An American business needs to pay (a) $15,000

Related to Checkpoint 19.1) (Converting currencies) The data for the following problem is given in the popup window:An American business needs to pay (a)

$15,000 Canadian dollars, (b) 1.5 million yen, and (c) $55,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries?

a.The dollar payment to Canada is $______ . (Round to the nearest dollar.)

Data Table

Selling Quotes for Foreign Currencies in New York

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CountrydashCurrency

Contract

$/Foreign Currency

Canadadashdollar

Spot

0.8532

30-day

0.8503

90-day

0.8483

Japandashyen

Spot

0.004771

30-day

0.004811

90-day

0.004878

Switzerlanddashfranc

Spot

0.5083

30-day

0.51222

90-day

0.5278

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