A bank in Toronto charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3533. a. How many Canadian dollars will you have to pay to purchase US$1,405? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
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- A bank in London, Ontario charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3973. a. How many Canadian dollars will you receive from the bank if you sell US$1,310? Round to the nearest cent b. How much commission will you pay the bank for this transaction?A bank in Toronto charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3211. a. How many Canadian dollars will you have to pay to purchase US$1,460? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest centA bank in Toronto charges 2.00% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3283. %3D a. How many Canadian dollars will you have to pay to purchase US$1,455? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
- A bank in London, Ontario charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3379. a. How many Canadian dollars will you receive from the bank if you sell US$1,325? $0.00 X Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest centA bank in London, Ontario charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3015. a. How many Canadian dollars will you receive from the bank if you sell US$1,320? Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest cent SAVE PROGRESS 4°C hp f12 f10 f8 f9 144 10A bank in Toronto charges 2.3% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1152. a. How many Canadian dollars will you have to pay to purchase US$4,000? b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
- A bank in Mississauga has a buying rate of ¥1 = C$0.01205. If the exchange rate is ¥1 = C$0.01255, calculate the rate of commission that the bank charges to buy currencies. % Round to two decimal placesa.If US$1 = C$1.1277, and if the bank in Canada charges 0.9% commission to buy or sell currencies, how many US dollars can you buy for C$4,200?b.Speakers are listed by a manufacturer for $720, less trade discounts of 7% and 6%. What further rate of discount should be given to bring the net price to $587? c.Mike purchased furniture for $8,400 and received an invoice dated February 5, 2017, with terms 2.5/10, n/30. He made a partial payment of $3,600 on February 10, 2017, and the balance on February 20, 2017. What was the balance? d. What is the markup rate based on cost, if the markup rate based on selling price is 14%?A bank in London, Ontario has a buying rate of CHF 1 = C$1.3547. If the exchange rate is CHF 1 = C$1.3841, calculate the rate of commission that the bank charges.
- A bank in Mississauga has a buying rate of ¥1 = C$0.01297. If the exchange rate is ¥1 = C$0.01317, calculate the rate of commission that the bank charges to buy currencies. 0.00 %Suppose a bank provides the following quotes: Bid 1.2567 CAD per U.S. Dollar and Ask 1.2682 CAD per U.S. Dollar Suppose you would like to buy Canadian Dollars and sell U.S. Dollars. Given the quotes above, what rate would you receive? Group of answer choices 0.0115 CAD per USD 2.5249 CAD per USD 1.2682 CAD per USD 1.2567 CAD per USD1. Emily found US$100 in his attic and sold it to a bank that charged him a commission of 0.60%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.77. 2. A bank in Toronto charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3533. a. How many Canadian dollars will you have to pay to purchase US$1,405? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? 3. Skis are listed by a manufacturer for $850, less trade discounts of 30% and 18%. What further rate of discount should be given to bring the net price to $443?