Question
You have $500 CDN to invest for one year in either a CDN bank or a German Bank using the following data show all calculations
You have $500 CDN to invest for one year in either a CDN bank or a German Bank using the following data show all calculations and answer the following questions. Exchange rates CDN /Euro today (0.6928) One year forward (0.6950). What is the best investment?
Interest rate Canada 6% per annum
Interest Rate Germany 4% per annum
- What is the return on CDN Bank ?
- What is the return on German Bank ?
Please NO EXCEL. Please, show manual calculation with formula. Thanks.
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Personal Finance For Dummies
Authors: Eric Tyson
5th Edition
0470038322, 978-0470038321
