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Sarah has $2,500 that she wants to invest in a European certificate of deposit (CD). The spot exchange rate (dollars per euro) ise$/=1.13 If the

Sarah has $2,500 that she wants to invest in a European certificate of deposit (CD). The spot

exchange rate (dollars per euro) ise$/=1.13 If the minimum investment required in the CD is

2,000, does Sarah have sufficient funds? If not, what is the shortfall (in Euros)? If so, how

much surplus does Sarah have (in euros)?

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