Homework Answers
A: value of US Investment = FV = PV*(1+rate)^n
= 20000000*(1+0.37%)^3
=20222822.41
B: Amount invested in Britain = 20000000*0.78 = 15600000 GBP
Value of investment in GBP = 15600000 *(1+0.41%)^3=15792667.78
Value of investment in USD= 15792667.78/0.77 = 20509958.16
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