Robert purchased US$15,000 from a bank in America, which charged him a commission of 0.9%, and...
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Robert purchased US$15,000 from a bank in America, which charged him a commission of 0.9%, and sold the US dollars to a bank in Canada, which charged him a 0.24% commission. How much money did he lose or gain? Assume that the exchange rate was C$1 = US$0.8924. C$ 0.00 Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss Robert purchased US$15,000 from a bank in America, which charged him a commission of 0.9%, and sold the US dollars to a bank in Canada, which charged him a 0.24% commission. How much money did he lose or gain? Assume that the exchange rate was C$1 = US$0.8924. C$ 0.00 Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
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