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Ray Of Light [21]
3 years ago
14

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American​ dollar,

how many American dollars are required to buy a product that costs 2.5 Canadian​ dollars? A. ​$2.75 B. ​$2.23 C. ​$1.32 D. ​$2.81
Business
1 answer:
Pie3 years ago
6 0

Answer:C

Explanation: Since you need 2.5 Canadian Dollars, .89 = to 1. Therefore 2.5 times the .89 equals to 2.225, or rounding up to 2.23

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now we must discount the future values using the 10% discount rate:

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Individuals with an internal locus of control believe that their actions will make a difference in their health.
andriy [413]
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=

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