Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 340,000 kronas in Norway worth $59,000. The funds drew 14 percent interest, and the krona increased 5 percent against the dollar. What is the value of the holdings, based on U.S. dollars, at year-end?

Value of the holdings _____