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Af invested in Japan (and repatriated back to dollars), the future value is $0. (Round your response to the nearest penny.) That's incorrect. When investing

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Af invested in Japan (and repatriated back to dollars), the future value is $0. (Round your response to the nearest penny.) That's incorrect. When investing in Japan, convert the $1,000 into yen at the exchange rate in time period t($1=$105) and invest at the Japanese interest rate of 15%. Then repatriate the yen amount one year later at the new exchange rate $1=Y140 back into dollars. End of Section 15.3.2 The following data are given: Et=7105=$1.00 Et+1=140=$1.00 (one year later) Japany =15% annually fus =5% annually Calculate the future value of $1,000 in one year invested in the United States and Japan. If invested in the United States, the future value is $ (Round your response to the nearest penny.) Fantastic

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