Question: Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 390,000 reals

Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 390,000 reals in Brazil worth 320,000 dollars. It drew 13 percent interest, but the Brazilian real declined 26 percent against the dollar a. What is the value of its holdings, based on U.S. dollars, at year-end? (Do not round intermediate calculations.) Value of the holdings b. What is the value of its holdings, based on U.S. dollars, at year-end if instead it drew 10 percent interest and the real went up by 14 percent against the dollar? (Do not round intermediate calculations.) Value of the holdings
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