TropiKana Inc

question 91

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 will TropiKana pay at the end of the first year (rounded) ?

• A) $55,000
• B) $79,750
• C) $77,000
• D) $37,931

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Definitions:

Multinucleated

Describes cells that contain more than one nucleus, often found in certain muscle fibers and some pathogens.

Spindle Shaped

Describes cells that have tapered ends, commonly seen in smooth muscle cells involved in involuntary movements.

Involuntary

Actions or reactions that occur without conscious control, such as the heartbeat or reflexes.

Nonstriated

Referring to muscle tissue that lacks the visible striations or stripes found in skeletal and cardiac muscle, typically associated with smooth muscles.