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Use the information below to answer the following question. Interest Rate i$ APR Exchange Rate $1.60 1.00 $1.58 1.00 so ($/) F360 ($/) i 2%
Use the information below to answer the following question. Interest Rate i$ APR Exchange Rate $1.60 1.00 $1.58 1.00 so ($/) F360 ($/) i 2% i 4% If you had 1,000,000, traded them for USD at the spot rate, and invested those dollars in the U.S., how many USD will you get in one year
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