Use the Information Below to Answer the Following Question If You Borrowed €1,000,000 for One Year,how Much Money Would

Short Answer

Use the information below to answer the following question.
$\begin{array}{rccccc} & {\text { Exchange Rate }} & \text { Interest Rate } & \text { APR } \\ S_{0}(\$ / €) & \$ 1.60= €1.00 &i \$ & 2 \% \\F_{360}(\$ / €) & \$ 1.58= € 1.00 & i € & 4 \%\end{array}$ If you borrowed €1,000,000 for one year,how much money would you owe at maturity?