Question: The following data are given: Et =110 = $1.00 Et+1 =95 = $1.00 (one year later) iJapan =12%annually iU.S. = 8%annually Calculate the future value

The following data are given:

Et =110 = $1.00

Et+1 =95 = $1.00 (one year later)

iJapan =12%annually

iU.S. = 8%annually

Calculate the future value of $1,000 in one year invested in the United States and Japan.

If invested in the United States, the future value is$enter your response here. (Round your response to the nearest penny.)

If invested in Japan (and repatriated back to dollars), the future value is$enter your response here. (Round your response to the nearest penny.)

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