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(Spot exchange rates) An American business needs to pay (a) 9,800 Canadian dollars, (b) 2 million yen, and (c) 49,000 Swiss francs to businesses abroad.

(Spot exchange rates) An American business needs to pay (a) 9,800 Canadian dollars, (b) 2 million yen, and (c) 49,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries? The data for this problem are given in the following table:

COUNTRY CONTRACT $ / FOREIGN CURRENCY
Canada-dollar Spot 0.8495
30-day 0.8471
90-day 0.8454
Japan-yen Spot 0.004686
30-day 0.004711
90-day 0.004762
Switzerland-franc Spot 0.5131
30-day 0.5164
90-day 0.541

a. The dollar payment of 9,800 Canadian dollars is $_____. (Round to the nearest dollar.)

b. The dollar payment of 2 million yen is $_____. (Round to the nearest dollar.)

c. The dollar payment of 49,000 Swiss francs is $_____. (Round to the nearest dollar.)

(Spot exchange rates) A U.S. firm needs to pay 16,000 Swiss francs to a firm in Switzerland, how much is this in U.S. dollars? The data for this problem are given in the following table:

COUNTRY CONTRACT $ / FOREIGN CURRENCY
Canada-dollar Spot 0.8411
30-day 0.8389
90-day 0.8367
Japan-yen Spot 0.004677
30-day 0.004708
90-day 0.004762
Switzerland-franc Spot 0.5155
30-day 0.5187
90-day 0.537

The dollar payment of 16,000 Swiss francs is $_____. (Round to the nearest dollar.)

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