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The following data are given: Ex = 110 = $1.00 Et+1 = 110 = $1.00 (one year later) = Japan 12% annually U.S. = 8%

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The following data are given: Ex = 110 = $1.00 Et+1 = 110 = $1.00 (one year later) = Japan 12% annually U.S. = 8% 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 $ (Round your response to the nearest penny.)

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