Assume you can exchange $100 today for C$109.58 or for 1,304 Mexican pesos. Assume that last year, $100 was equivalent to C$105.48 or 1,310 Mexican pesos. One hundred dollars converted into ________ last year can now be converted into ________.

Q: Investment X offers to pay you $3,423 per year for 11 years, whereas Investment Y offers to pay you…

A: Present value refers to the discounted value of the future cash flows for the given period of time…

Q: What present value amounts to $15,000 if it is invested for 20 years at 6% compounded annually?…

A:

Q: Compute the future value of $2,000 compounded annually for: a. 10 years at 9 percent. (Do not round…

A: Present Value = pv = $2000

Q: Complete the table below. Show your solution for each item. Write your answer on a piece of paper

A: Simple Interest: It is a method used to compute interest charges on a loan.  It is computed by the…

Q: An account earning 3.2% annual interest contains 1 million dollars. If a fixed amount of money is…

A: Time has been precious in all perspectives, however in terms of finance; the time has a monetary…

Q: If the dollar used to buy 100 yen and now buys 360 yen, there has been appreciation of the dollar.…

A: Currency appreciation is an increase in the value of currency in relation to another currency.

Q: You owed $1000.00 four months ago, $1315.00 in five months, and $1640.00 in seven months. If you…

A: Variables in the question:Amount owed four months ago=$1000Amount owed in 5 months=$1315Amount owed…

Q: A $6400 payment due 3 1/2 years ago has not been paid. If money can earn 3.95% compounded annually,…

A:

Q: Investment X offers to pay you $6,100 per year for 9 years, whereas Investment Y offers to pay you…

A: Investment XCash Flow = cfx = $6100Time = tx = 9 YearsInvestment YCash Flow = cfy = $8400Time = ty =…

Q: Zorbat Wellington deposited $3,489 fifteen years ago into a bank account that paid 9.34% compounded…

A: Compounding is a technique to find the equivalent value in future value term, taking time value of…

Q: 01 %, compound monthly for three years. d 300000 Mexican Peso, compound interest of 4%, compounded…

A: Interest earned on the investment depends on the interest rate and period of interest and…

Q: Today 4. year years years years years $1000 $1000 $1000 $1000 $1000 $1000 $1000 $1000 $1000 $1000…

A: In this we have to find out present value of semi annual annuity.

Q: Step 7 Part (3): Calculation of new annual deposable amount: Answer: New annual deposable amount is…

A: We will give you the steps for how the amount 5823.77 is calculated . we have;

Q: ou have an opportunity to buy a growing perpetuity that starts at $56 a year and grows the payments…

A: Growing perpetuity refers to the return or cash flow that should grow with the same growth forever…

Q: Please answer the question (ii) for i=5%. Please answer using the formula that is attached. The…

A: i) 30407.43 ii) 59704.03 iii) 151906.40Explanation:i) FV of growing annuity =…

Q: A local bank advertises the following deal: "Pay us $100 at the end of each year for 11 years and…

A: In perpetuity is type of annuity in which there are payments forever and for indefinite period of…

Q: What discount rate would make you indifferent between receiving $3,515.00 per year forever and…

A: The present value of perpetuity can be calculated by The present value of annuity can be calculated…

Q: F1. A $6300 payment due 2 1/2 years ago has not been paid. If money can earn 3.90% compounded…

A: Amount =  6300   Due years =  2 1/2 years Due years =  2.5 years       Interest rate =…

Q: Q19 Compute the present value of an $1,450 payment made in 10 years when the discount rate is 12…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The payment initially made…

Q: suppose you decide to deposit $6400 into w 3 year cd wirh a 2.5 apy the value of the cd after a year…

A: Payment = p = $6400Interest Rate = r = 2.5%Time = t = 1

Instruments of Foreign Exchange Market

Foreign exchange is a worldwide market in which one nation’s currency is converted into another nation’s currency. In further terms, exchanging of nations currency with foreign currencies. Foreign exchange happens at a specified rate which is termed the foreign exchange rate. The exchange rates are not constant continuously changing as they are derived by market forces of supply and demand. Widely used foreign currencies are the United States- dollar, Euro, Japanese Yen, British pound, and Australian dollar. US- dollar is the most denominated foreign currency. The Euro to US dollar is a widely used currency pair in the forex market as these two currencies represent the world’s enormous economy. Forex trade is simple as exchanging currencies at the bank. The main players of forex markets are the central banks, financial institutions, intermediaries, investments banks, and other banks. Central Bank is the supreme player who decides the currency value of their own nation on the forex market. Mostly foreign exchange-traded at FX market (forex market) when tourists’ visits a foreign country, import, and export happens between two countries.