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Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many forelgn countrles. Assume in 2 0 1 0 It

Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many forelgn countrles. Assume in 2010 It held 240,000 reals in Brazll worth 170,000 dollars. It drew 12 percent Interest, but the Brazllan real declined 24 percent agalnst the dollar.
a. What is the value of Its holdings, based on U.S. dollars, at year-end?
Note: Do not round Intermedlate calculations.
b. What is the value of its holdings, based on U.S. dollars, at year-end if Instead It drew 9 percent interest and the real went up by 13 percent against the dollar?
Note: Do not round Intermedlate calculatlons.
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