oblem Set 7 Exchange Rates (1). Saved t References Mailings Review View Help Aa Po v 16-16-15- DA ons: On F3 J E VL C Accessibility: Investigate 4 R Problem Set 7 Exchange Rates V - E- Paragraph 5 E T % Assumption #1: It costs $10,000 a year to attend GSU and this figure hasn't changed since 2015. Assumption # 2: All costs are incurred and paid at the beginning of the academic year. For example, for the 2016-17 academic year costs are paid in August 2016. F5 Assumption # 3: 2015-16, 2016-17, and 2017-18 is sophomore year, junior year, and senior year, respectively. Assumption #4: Terrance is from the United Kingdom and he attended GSU. He graduated in May after four years of study. Maria is from Mexico and she also graduated in May from GSU after four years of study. Based on these assumptions and the attached Foreign Exchange Rates table, answer the following questions. 1. How much did it cost in pounds for Terrance to attend GSU his senior year? T 2. Did the pound appreciate, depreciate