An investor in the United States bought a one-year British security valued at 98,000 British pounds. The U. dollar equivalent was $196,000.

An investor in the United States bought a one-year British security valued at 98,000 British pounds. The U.S. dollar equivalent was $196,000. The British security earned 17 percent during the year, but the British pound depreciated six cents against the U.S. dollar during the period ($0.51 to $0.45).After transferring the funds back to the United States, what was the investor’s return on her $98,000?Determine the total ending value of the British investment in British pounds and then translate this British value to U.S. dollars

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