The following is the interest rate in US and Jordan as publish by the Arab Bank
Int Rate 6month
Jord 3%
Int Rate 1 year
Jord 9%
Int Rate 6month
US 6%
Int Rate 1 year
US 7%
spot rate is 0.75J/$.
AL Huda is a Jordanien company imports machine form US. Al-Huda want to buy machines worth $250,000 from the US in 6 months. Usually It takes another 6 month for the machine to arrive Jordan. The company intend to borrow $250,000 form Arab Bank @8% for 6 month- until they manage to sell the machine to a Jordanian customers. The company’s customers usually pay in Jordanian Dinars .. The company hired You as a financial consultantHow much money the company will have to return to the Arab bank in one year- Give the value in Jordanian Dinars
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