While you were visiting London, you purchased a Jaguar for $60,000,$ payable in three months. You have enough cash at your bank in New York City, which pays $1\%$ interest for a three$-$month investment $($earn $1\%$ in three months$),$ to pay for the car. Currently, the spot exchange rate is $$1\mathrm{.}45/$ and the three$-$month forward exchange rate is $$1\mathrm{.}40/.$ In London, the money market interest rate is $2\mathrm{.}0\%$ for a three$-$month investment $($earn $2\%$ within $3$ months$).$ There are two alternative ways of paying for your Jaguar. Which method would you prefer? Also compute the difference between these two options. Option #$1$: Keep the funds at your bank in the U$.$S$.$ and buy $60,000$ forward. Option $$2$: Buy a certain pound amount spot today and invest the amount in the U$.$K$.$ for three months so that the maturity value becomes equal to $60,000.$