Question Details

Spot exchange rates
Country	Contract	$/Foreign Currency
Canada—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

With this chart please answer these two questions

1) (Spot exchange rates) An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, and (c) 50,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries?
2) (Spot exchange rates) 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?