An investor places a sum of R100 000 in a US dollar denominated overseas fixed interest investment eaming 6% p.a.compound for a one-year, and 'repatriates' the investment with the interest at the end of tho yoar, During the yoar period, the value of the Rand depreciates from R7.01 per Dollar to R7,29 per Dollar, indicate with this investment proves to be a better ane than leaving the R100 000 in a local savings account eaming 3% per annum, drawing on relevant calculations to support your argument (8 (ignoreany tax and charges for the purposes of this exercise.)