Suppose C$ is expected to appreciate from $.65 to $.67 in 30 days. To profit from this, you want to borrow $1M from your bank, convert it to C$, and lend it at 5.5% for one month. Then, you convert C$ back to US$ and pay the US$ loan with interest (6.1%). Answer the following questions.

1. Convert $1M to C$. Show it to the nearest whole number (no decimals).

2. Then you lend C$ at 5.5% for one month. How much is your ending balance in C$ (nearest whole number, no decimal)?

3. Convert C$ to US$. How much is it (nearest whole number)?

4. How much is your loan payment with interest (6.1%) in US$ (nearest whole number)?

How much is your speculation profit after making the above loan payment w/ interest (nearest whole number)?