Question: Use the information below to answer the following question. So ( $/ ) F360 ($/ ) Exchange Rate $1.45 = 1.00 $1.48 = 1.00

Use the information below to answer the following question. So ( $/

Use the information below to answer the following question. So ( $/ ) F360 ($/ ) Exchange Rate $1.45 = 1.00 $1.48 = 1.00 Interest Rate i i APR 4% 3% If you had 1,000,000, traded them for USD at the spot rate, and invested those dollars in the U.S., how many USD will you get in one year?

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