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You have 1 million MYR today. You can earn an interest rate of iZAR = 8% in ZAR and the spot rate is ZAR 3.220/MYR.

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You have 1 million MYR today. You can earn an interest rate of iZAR = 8% in ZAR and the spot rate is ZAR 3.220/MYR. If you convert your MYR to ZAR and invest, how much will you have in ZAR in one year

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