# SOLUTION: how many dollars do you have to spend to acquire the amount of yen required? The availability is 100,000 yen. I took 100,000 x 1-month forward at .009048 & came up with \$948.00

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 Click here to see ALL problems on Money Word Problems Question 304733: how many dollars do you have to spend to acquire the amount of yen required? The availability is 100,000 yen. I took 100,000 x 1-month forward at .009048 & came up with \$948.00 - is this correct?? Your assistance is greatly appreciated!! Thx, MonicaAnswer by Alan3354(30993)   (Show Source): You can put this solution on YOUR website!how many dollars do you have to spend to acquire the amount of yen required? The availability is 100,000 yen. I took 100,000 x 1-month forward at .009048 & came up with \$948.00 - is this correct?? --------------- It's not clear what you mean, but 100,000 * 0.009048 = \$904.80