Question: The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate

The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate is that the ringgit will lose 10% of its value relative to the dollar over the next year. What is your forecast of the dollar price of Malaysian ringgit in 1 year?

13.13

11.11

14.14

12.22

PLEASE give step by step solutions Or If you are using the calculator, please give the formula and the values of the variables.

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