Question: I don't need steps, just the final answer. Please answer as soon as possible. I will upvote as soon as I receive an answer! Using
I don't need steps, just the final answer. Please answer as soon as possible. I will upvote as soon as I receive an answer!

Using the information presented in this problem and based on International Fisher Effect, calculate the Australian interest rate. IMPORTANT NOTE: Provide the answer rounded up to the second decimal place. For example, 10.489 = 10.49; 10.495 = 10.50; 10.494 = 10.49; 10.9489 = 10.95; 10.9445 = 10.94. NO UNITS ALLOWED. Country Currency Interest Rate Market Exchange Rate Year 1 Theoretical Exchange Rate Year 2 Australia AUD AUD i % 1.12 AUD/USD 1.21897 AUD/USD U.S. A USD 3.612%
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