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Intro You have $18,000 to invest and observe the following interest rates and exchange rates: Annual interest rates Loan rate Deposit rate 3.9% Dollar 4.6%

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Intro You have $18,000 to invest and observe the following interest rates and exchange rates: Annual interest rates Loan rate Deposit rate 3.9% Dollar 4.6% Ruble 6.7% 7.6% Exchange rates Bid Ask $0.019 Ruble spot Ruble 1-year forward $0.018 $0.02 $0.021 Part 1 | Attempt 1/10 for 10 pts. How many rubles will you get from converting your dollars? + decimals

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