Answer:
b. $96,914
Explanation:
360-day borrowing rate = 5%
spot rate = 0.48
360-day deposit rate = 6%
Borrow at the rate of 5% to get
SF200,000/1.05 = $190,476.19
Convert at the spot rate of $0.48 to get
190,476.19*0.48 = $91,428.57
Invest at the interest rate of 6% to get
91,428.57/1.06 = 96,914.28
Therefore, Parker Company will receive $96,914 in 360 days.
There are two forces acting on a parachute with a parachutist: the force of gravity and the air resistance. The force pulling the skydiver to the ground would be Wright force
Underline the words then eliminate the ones that arent part of the problem!
One is their traits and their characterists that they have in common
