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A European investor puts up 1,000,000 in a six-month U.S. denominated investment in June 2020 with an APR of 6%. The exchange rate of euros

A European investor puts up 1,000,000 in a six-month U.S. denominated investment in June 2020 with an APR of 6%. The exchange rate of euros to U.S. dollars in June 2020 was 1.112. In December 2020, the exchange rate of euros to U.S. dollars was 1.194. What is the APR in euros that the investor earns from the investment? Explain your answer.

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