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How many us dollars will you need for your purchase?

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Reference no: EM131117412

Today you notice the following exchange rate quotations: 

(a) $1 = 3.00 Argentine pesos and 

(b) 1 Argentine peso = .50 Canadian dollars. 

You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase?

Reference no: EM131117412

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