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Suppose that you, in the US, are considering a one-year deposit of $100 in a UK bank that currently has an interest rate of 5%. Currently the dollar/pound exchange rate is $1.50. Your best guess is that in one year the exchange rate will be $1.60. Calculate your investment worth at the end of the year.

    • Posted: 17 days ago
    • Due: 
    • Budget: $9