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Use the following data in your responses to the remaining questions: Selling Quotes for Foreign Currencies in New York Country-Currency Contract $/Foreign Currency Canada dollar Spot 0.8450 30-day 0.8415 90-day 0.8390 Japan-yen Spot 0.004700 30-day 0.004750 90-day 0.004820 Switzerlandfranc Spot 0.5150 30-day 0.5182 90-day 0.5328 OSIC Payment 5. An American business pays $20,000, $5,000, and $15,000 to suppliers in Japan, Switzerland, and Canada, respectively. How much, in local currencies, do the suppliers receive? 6. TICIN 7. IM wars? 8