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The following data are given: E_t = yen 105 = $1.00 E_t+1 = yen 110 = $1.00 (one year later) i_Japan = 15% annually i_U.S.

The following data are given: E_t = yen 105 = $1.00 E_t+1 = yen 110 = $1.00 (one year later) i_Japan = 15% annually i_U.S. = 15% annually Calculate the future value of $1,000 in one year invested in the United States and Japan. If invested in the United States, the future value is $

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