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DIRECTIONS: For each country below, you are given a savings account interest rate, an initial deposit (USD) and length of time you will keep the money deposited, plus starting and ending interest rates. For each country. determine the following... a. Your total gain or loss, correct to the nearest cent. b. The percentage by which your investment grew or shrank, correct to the nearest tenth of a percent. UNITED KINGDOM Initial Deposit: 53500 USD Starting exchange rate: USD GBP 0.8213 Time: 4 years APR: 2.50%, compounded monthly Ending exchange rate: USD/GBP 0.6634 BRAZIL Initial Deposit: $1200 USD Starting exchange rate: USD/BRL 3.1289 Time: 5 years APR: 5.95%, compounded monthly Ending exchange rate: USD/BRL 3.7519 AUSTRALIA Initial Deposit : S2150 USD Starting exchange rate: USD / AUD 1.3341 Time: 7 years APR: 2.85%, compounded monthly Ending exchange rate: USD/AUD 1.1892 ARGENTINA Initial Deposit: S1000 USD Starting exchange rate: USD/ARG 19.9716 Time: 3 years APR: 18.1%, compounded monthly Ending exchange rate: USD/ARG 24.1561 KAZAKHSTAN Initial Deposit: $575 USD Starting exchange rate: USD/KZT 318.425 Time: 10 years APR: 10.00%, compounded monthly Ending exchange rate: USD/KZT 341.295 CANADA Initial Deposit: S4000 USD Starting exchange rate: USD/CAD 1.3503 Time: 6 years APR: 1.75%, compounded monthly Ending exchange rate: USD/CAD 1.1271 ON THE BACK: Write each direct quote (2 per country) as an INDIRECT QUOTE correct to 4 decimal places. DIRECTIONS: For each country below, you are given a savings account interest rate, an initial deposit (USD) and length of time you will keep the money deposited, plus starting and ending interest rates. For each country. determine the following... a. Your total gain or loss, correct to the nearest cent. b. The percentage by which your investment grew or shrank, correct to the nearest tenth of a percent. UNITED KINGDOM Initial Deposit: 53500 USD Starting exchange rate: USD GBP 0.8213 Time: 4 years APR: 2.50%, compounded monthly Ending exchange rate: USD/GBP 0.6634 BRAZIL Initial Deposit: $1200 USD Starting exchange rate: USD/BRL 3.1289 Time: 5 years APR: 5.95%, compounded monthly Ending exchange rate: USD/BRL 3.7519 AUSTRALIA Initial Deposit : S2150 USD Starting exchange rate: USD / AUD 1.3341 Time: 7 years APR: 2.85%, compounded monthly Ending exchange rate: USD/AUD 1.1892 ARGENTINA Initial Deposit: S1000 USD Starting exchange rate: USD/ARG 19.9716 Time: 3 years APR: 18.1%, compounded monthly Ending exchange rate: USD/ARG 24.1561 KAZAKHSTAN Initial Deposit: $575 USD Starting exchange rate: USD/KZT 318.425 Time: 10 years APR: 10.00%, compounded monthly Ending exchange rate: USD/KZT 341.295 CANADA Initial Deposit: S4000 USD Starting exchange rate: USD/CAD 1.3503 Time: 6 years APR: 1.75%, compounded monthly Ending exchange rate: USD/CAD 1.1271 ON THE BACK: Write each direct quote (2 per country) as an INDIRECT QUOTE correct to 4 decimal places

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