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Use the following information to answer the question: 1 $1 US 0.77 (British pounds) dollars) $1 US 0.92 (Euros) $1 US $CAD 1.32 (Canadian

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Use the following information to answer the question: 1 $1 US 0.77 (British pounds) dollars) $1 US 0.92 (Euros) $1 US $CAD 1.32 (Canadian $1 US = 15.02 ZAR (South African rand) Suppose you are very interested in German cars. You locate a vintage BMW for sale in Berlin, priced at 42,700. You have $50,000 to spend. Can you afford the BMW? Please show your work (in other words, show either your dollars in euro or the price of the car in dollars). You can ignore the cost of shipping the car from Germany to the US. Use the current exchange rates provided above.

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