TropiKana Inc

question 32

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 depreciates against the dollar from $1.40/euro at the time the loan was made to $1.35/euro 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) euro 74,250
• C) $74,250
• D) $77,000

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Definitions:

Gender Differences

Variations in characteristics, behaviors, or roles typically associated with being male or female.

Cultural Influences

The impact of cultural factors like beliefs, values, norms, and social practices on individuals' behavior, perceptions, and understandings.

Evolutionary Psychologists

Scientists who study how evolutionary principles like natural selection influence and explain human thoughts, behaviors, and emotions.

Gender Differences

Variations in characteristics, behaviors, physical development, and roles traditionally associated with men and women in a society.