Solved: How local currencies do the suppliers receive, Finance Basics

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How local currencies do the suppliers receive

Problem:

New Zealand-dollar Spot .8437
30-day .8417
90-day .8395

Japan-yen Spot .004684
30-day .004717
90-day .004781

Switzerland-franc Spot .5139
30-day .5169
90-day .5315

An American business pays $10,000, $15,000, and $20,000 to suppliers in, respectively, Japan, Switzerland, and Canada. How much, in local currencies, do the suppliers receive?

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Finance Basics: How local currencies do the suppliers receive

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Finance Basics: How local currencies do the suppliers receive

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