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Before boarding her flight to Zurich, Switzerland, Taylor purchased CHF950 from her bank when the exchange rate was C$1 = CHF0.971. However, Taylor had to cancel the trip. Taylor returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9833, how many Canadian dollars would Taylor have lost in these transactions? Assume the bank has a 1.20% commission on both the sale and the purchase of the funds. S0.00 Round to the nearest cent

Before boarding her flight to Zurich, Switzerland, Taylor purchased CHF950 from her bank when the exchange rate was C$1 = CHF0.971. However, Taylor had to cancel the trip. Taylor returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9833, how many Canadian dollars would Taylor have lost in these transactions? Assume the bank has a 1.20% commission on both the sale and the purchase of the funds. S0.00 Round to the nearest cent

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Before boarding her flight to Zurich, Switzerland, Taylor purchased CHF950 from her bank when the exchange rate was C$1 = CHF0.971. However, Taylor had to cancel the trip. Taylor returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9833, how many Canadian dollars would Taylor have lost in these transactions? Assume the bank has a 1.20% commission on both the sale and the purchase of the funds. $0.00 Round to the nearest cent 9°C A
Transcribed Image Text:Before boarding her flight to Zurich, Switzerland, Taylor purchased CHF950 from her bank when the exchange rate was C$1 = CHF0.971. However, Taylor had to cancel the trip. Taylor returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9833, how many Canadian dollars would Taylor have lost in these transactions? Assume the bank has a 1.20% commission on both the sale and the purchase of the funds. $0.00 Round to the nearest cent 9°C A
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