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The treasurer of a major U.S. firm has $33 million to invest for three months. The annual interest rate in the United States is .21

image text in transcribed The treasurer of a major U.S. firm has $33 million to invest for three months. The annual interest rate in the United States is .21 percent per month. The interest rate in Great Britain is .27 percent per month. The spot exchange rate is .632, and the three-month forward rate is .634. What would be the value of the investment if the money is invested in the U.S. and if it is invested in Great Britain? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89)

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