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thank you! due tonight End of Section 15.3.2 The following data are given: Et=105=$1.00Et+1=85=$1.00(oneyearlater)ijapan=15%annuallyiu.s.=5%annually Calculate the future value of $1,000 in one year invested in
thank you! due tonight
End of Section 15.3.2 The following data are given: Et=105=$1.00Et+1=85=$1.00(oneyearlater)ijapan=15%annuallyiu.s.=5%annually Calculate the future value of $1,000 in one year invested in the United States and Japan. Unlimited tries If invested in the United States, the future value is $ . (Round your response to the nearest penny.) Good job! Unlimited tries If invested in Japan (and repatriated back to dollars), the future value is $ If invested in Japan (and repatriated back to dollars), the future value is $ (Round your response to the nearest penny.) You have more tries. When investing in Japan, convert the $1,000 into yen at the exchange rate in time period t($1=105) and invest at the Japanese interest rate of 15%. Then repatriate the yen amount one year later at the new exchange rate $1=$85 back into dollars Step by Step Solution
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