TropiKana Inc

question 36

Multiple Choice

TropiKana Inc., a U.S firm, has just borrowed euro 1,000,000 to make improvements to an Italian fruit plantation and processing plant. If the interest rate is 5.50% per year and the Euro appreciates against the dollar from $1.40/€ at the time the loan was made to $1.45/€ at the end of the first year, how much interest and principle will TropiKana pay at the end of the first year if they repay the entire loan plus interest (rounded) ?

• A) $1,529,750
• B) €1,529,750
• C) $1,055,000
• D) $1,477,000

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Definitions:

Communication Technique

Strategies or methods used to convey information effectively and efficiently between people.

Empathy

The ability to understand and share the feelings of another.

Sympathy

Feelings of pity and sorrow for someone else's misfortune, often leading to expressions of compassion or offers of support.

SBAR Recommendation

A structured communication method used in healthcare to facilitate prompt and appropriate communication. SBAR stands for Situation, Background, Assessment, and Recommendation.