Question: How much wealthier would you be 1 year from now if you exchange $100,000 into singapore dollars today at an indirect rate of SGD 1.34

How much wealthier would you be 1 year from now if you exchange $100,000 into singapore dollars today at an indirect rate of SGD 1.34 / $, earn 8.25% on your singapore investment and exchange back at the one year forward rate of SGD 1.25 / $, as compared to investing in the US at 4.75%?

Answer: Profit $11294, Rate of 11.294%, need to know how to get this answer

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