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Use the information below to answer the following question. Exchange Rate Interest Rate APR So($/)...

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Use the information below to answer the following question. Exchange Rate Interest Rate APR So($/) $1.60 =1.00 is 2% F360($/) $1.58 =1.00 ie 4% If you had borrowed $1,000,000, traded them for euro at the spot rate, and invested those euros in Europe, how many euros will you receive in one year? $650,000 > O $1,000,000 O 650,000 670,000 625,000

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