Please include financial calculator inputs needed, if possible, in solution.

PPP Practice Currently, $1 equals 1.1234 Canadian dollar. Assume the expected inflation rate in is 4 percent in the Canada and 5 percent in the U.S. What is the expected exchange rate three years from now if relative purchasing power parity exists? E(St) = S,[1 + (hfc-hus)]* Check your answer: 1.090