Stan’s savings account has a balance of $2257. After 5 years, what will the amount of interest be at 10% compounded quarterly? a.
$1432.36
c.
$112.85
b.
$1446.36
d.
$1441.36

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?