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While you were visiting London, you purchased a Jaguar for 75,000, payable in three months. You have enough cash at your bank in New York

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While you were visiting London, you purchased a Jaguar for 75,000, payable in three months. You have enough cash at your bank in New York City, which pays 0.25% interest per month. compounded monthly, to pay for the car. Currently, the spot exchange rate is $1.30/E and the three-month forward exchange rate is $1.28/E. In London, the money market interest rate is 0.5% per month. There are two alternative ways of paying for your Jaguar. What would be the total cost (of the car today) in $$ to keep the funds at your bank in the U.S. and buy 75,000 forward. (enter your answer below without the $ symbol.)

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