Planning to take wine-tasting tour

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Reference no: EM131075741

Exchange rates Fred Nappa is planning to take a wine-tasting tour through Italy this summer. The tour will cost 2,750 euros (€) and includes transportation, hotels, and a guide. Fred estimates that round-trip airfare from his home in North Carolina to Rome, Italy, will be $1,490; he also will incur another $300 (U.S.) in incidental travel expenses. Fred estimates the cost of meals in Italy to be about €500, and he will take an additional $1,000 to cover miscellaneous expenditures. Currently, the exchange rate is US$1.3411/€1.00 (or €.7456/US$1.00).

a. Determine the total dollar cost of the trip to Italy.

b. Determine the amount of euros (€) Fred will need to cover meals and miscellaneous expenditures.

Please show work for excel

Reference no: EM131075741

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