Business, 06.07.2019 04:20, ladybugys

Tropikana inc. has just borrowed €1,000,000 to make improvements to an italian fruit plantation and processing plant. if the interest rate is 7.00% per year and the euro appreciates against the dollar from $1.15/€ at the time the loan was made to $1.20/€ 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)?

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Tropikana inc. has just borrowed €1,000,000 to make improvements to an italian fruit plantation and...