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Suppose that Erin invested $10,000 in a German account that earned an annual return of 3.2%. When she made the investment, the exchange rate was

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Suppose that Erin invested $10,000 in a German account that earned an annual return of 3.2%. When she made the investment, the exchange rate was 1 Euro = USD $1.25. One year later, the exchange rate was 1 Euro = USD $1.12. What was her return, considering both the investment return and the gain or loss on the currency exchange? -9.80% 7.53% -7.53% 16.20% -7.20% Suppose a US wine importer bought 200 cases of Italian wine for a price of 120 Euros per case. At the time, 1 Euro was worth $1.08 US. Ten months later, the Euro was worth $1.21 US. The wine importer made another identical purchase. Which of the following is correct? The cost for the importer was $29,040 initially and $25,920 ten months later. Not enough information is provided to determine the cost initially and ten months later. The cost for the importer was $22,222 initially and $19,835 ten months later. The cost for the importer was $25,920 initially and $29,040 ten months later. The cost for the importer was $19,835 initially and $22,222 ten months later

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