On January 2, 2014, you borrowed euro at an annual compounding interest rate of 1%...
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Finance
On January 2, 2014, you borrowed euro at an annual compounding interest rate of 1% for three years, convert to and invest in U.S. dollars at an annual compounding interest rate of 2% for three years. On January 3, 2017, when you convert your dollar investment back to Euro, how money did you make for each euro you had borrowed on January 2, 2014?
Your answer: Euro_______________ (Please round your answer to four decimal places.)
2-Jan-14 1.367 104.84 62.31 13.1155 1.6441 3-Jan-17 1.0416 117.68 68.37 20.906 1.2256 Bufo apanese yen Indian Repee Mexican Peso British pound
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