4. An American family goes on vacation to see the beautiful city of Berlin in Germany. They havebudgeted $6000 to spend while they are there. How many Euros will $6000 buy in month 1?Month 27 When should the family go on vacation? Explain your answer using the numbersfrom the chart above (show your math).5. An AmerIcan family is buying British wool in the local retail store. Which month will thoseproducts be cheaper for the family? Explain your answer using the numbers from the chartabove (show your math).6. A French company contracts a Chinese architect to design a new buildıng in Lyon for 800,000Yuan. How much (in Euros) would it cost the French firm in month 1? Month 27 So in whichmonth would the French company prefer to pay off the contract? Explain your answer using thenumbers from the chart above (show your math).7. US holders of real estate and transportation are attracting investments from Chinese investorsusing the Yuan. In which month should the Chinese imestors buy US real estate andtransportation? Explain your answer using the numbers from the chart above (show yourmath). AdriaLayoutReferencesMailingsReviewViewHelpTIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example,in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = 87£ or $1=94 €.Exchange Rate Table for Month 1US Dollar$1 =British Pound 1 Chinese Yuan 1 Japanese YenEuroY3==天L1€1.08887.68116.41US Dollar1.24.14British PoundChinese Yuam0093007581116.968,76132.731.14.066Japanese YenEuro110.89815.15130086Exchange Rate Table for Month 2US DollarBritish Pound1 Chinese Yuan 1 Japanese YenEuro$1=Y=1至=1€US DollarBritish Pound1.19.12.09.0152007006911187927.74116.5Chinese Yuan7.09107.788.83Japanese YenEuro157.8915.11941.0912.0082Part A Diucati

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4. An American family goes on vacation to see the beautiful city of Berlin in Germany. They have budgeted $6000 to spend while they are there. How many Euros will $6000 buy in month 17? Month 2? When should the family go on vacation? Explain your answer using the numbers from the chart above (show your math).