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Business, 06.03.2020 23:44 christophers349

Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume that in 2010 it held 280,000 kronas in Norway worth $53,000 (U. S. dollars). The funds drew 12 percent interest, while the krona decreased 5 percent against the dollar. What is the value of the holdings, based on U. S. dollars, at year-end?

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