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Use the information below to answer the following question. Interest Rate is APR Exchange Rate so ($/) $1.45 1.00 F360($/) $1.48 1.00 48 ie 3%

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Use the information below to answer the following question. Interest Rate is APR Exchange Rate so ($/) $1.45 1.00 F360($/) $1.48 1.00 48 ie 3% If you had borrowed $1,000,000, traded them for euros at the spot rate, and invested those euros in Europe, how many euros do you receive in one year

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