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The Chase Bank currency desk is showing a spot rate of NZD 1 . 5 0 / USD today. If the estimated inflation rate is

The Chase Bank currency desk is showing a spot rate of NZD 1.50/USD today. If the estimated inflation rate is 2% in the U.S. and 5% in New Zealand, calculate the NZD/USD spot rate in one years time, assuming the relative version of the purchasing power parity holds true.
Group of answer choices
NZD 1.6029/USD
NZD 1.6830/USD
NZD 1.8382/USD
NZD 1.544/USD

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