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Suppose an investor invests in a savings account in England one year ago. At the time of investment, the investor converted $100,000 to pounds at
Suppose an investor invests in a savings account in England one year ago. At the time of investment, the investor converted $100,000 to pounds at an exchange rate of $1.404/pound. Assume the interest rate in England was 3% and today the investor is converting his/her savings balance (principal plus interest) to dollars when the exchange rate is $1.464/pound. How much money will the investor receive
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