An investor places a sum of R100 000 in US dollar denominated overseas fixed interest investment earnings 6% p.a compound for a one year and repatriated the investment with the interest at the end of the year during the year period the value of the rand depreciates from R7,01 per dollar to R7,29 per dollar indicate whether this investment proves to be a better one than leaving the R100000in a local savings account earnings 3% per annum drawing on relevant calculated to support your argument