Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these are all the questions not sure if they go together but i only need #3 answered USD EUR 1.00000 0.98322 1.0000 1.00000 Use the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribedthese are all the questions not sure if they go together but i only need #3 answered
USD EUR 1.00000 0.98322 1.0000 1.00000 Use the two rows of data above as follows, TODAY for one dollar you can purchase 0.92322 Euro or it will buy 71.5472 INR, but you cannot buy EURO with INR and vice versa 3 What is your highest return on the 100,000 INR, meaning do you stay with INR for 60 days then convert to dollars, or convert to EURO for 60 days then convert to dollars? or go straight to dollars for 60 days? Show all 3 calculations USD EUR 1.00000 0.98322 1.0000 1.00000 Use the two rows of data above as follows, TODAY for one dollar you can purchase 0.92322 Euro or it will buy 71.5472 INR, but you cannot buy EURO with INR and vice versa 1 What is the cross exchange rate for Euro/ INR 2 If you receive 100,000 INR, how many euro can you buy? 60 days later, the second row of data is valid, the EURO is one to one with the dollar. The INR is paying an annual rate of 4.7 % and EURO is paying 2.3%, the dollar is paying 1.5% (all rates are ANNUAL) 3 What is your highest return on the 100,000 INR, meaning do you stay with INR for 60 days 3 What is your highest return on the 100,000 INR, meaning do you stay with INR for 60 days then convert to dollars, or convert to EURO for 60 days then convert to dollars? or go straight to dollars for 60 days? Show all 3 calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions