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The current spot rate for the Mexican Peso is USDMXN 21.4770. If the US-based company Quartzite Inc. buys Ps 700,000 in the spot market, how

The current spot rate for the Mexican Peso is USDMXN 21.4770. If the US-based company Quartzite Inc. buys Ps 700,000 in the spot market, how much will the company need to pay in USD? (Round to the nearest whole number.)

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