Assume the following information:

You have $$1,000,000$ to invest

Current spot rate of pound $=$$$\frac{1\mathrm{.}30}{b}p$

$90$ day forward rate for pound in the Forward market $=$$$\frac{1\mathrm{.}28}{b}p$

$3$ month deposit rate in US $=3\%$

$3$ month deposit rate in UK $=4\%$

If you use covered interest arbitrage for a $90$ day investment, what will be the amount of US $ you will have after $90$ days?

$$1,034,000$

$$1,024,000$

$$1,030,000$

$$1,040,000$