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I would like help with this forward rate question please. Thank you! Forecasting with a Forward Rate Assume that the 3-year annualized interest rate in

I would like help with this forward rate question please. Thank you!
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Forecasting with a Forward Rate Assume that the 3-year annualized interest rate in the United States is 5% and the 3-year annualized interest rate in Singapore is 3\%. Assume interest rate parity holds for a 3-year horizon. Assume that the spot rate of the Singapore dollar is $.72. If the forward rate is used to forecast exchange rates, what will be the forecast for the Singapore dollar's spot rate in 3 years? What percentage appreciation or depreciation does this forecast imply over the 3 -year period? (1 point)

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