Given the following data: Et =¥115 = $1.00 Et+1 = ¥90 = $1.00 {one year later} İJapan = 8% annually iu.s. = 12% annually Calculate the future value of a $1,000 investment. If the $1000 is invested in the U.S., the future value is $_______ (Round your response to two decimal places.)
