While you were visiting London, you purchased a Jaguar for £75.000, payable in three months. You have enough cash at your bank in New York City, which pays 0.25% interest per month. compounded monthly, to pay for the car. Currently, the spot. exchange rate is $1.30/E and the three-month forward exchange rate is $1.28/E. In London, the money market interest rate is 0.5% ecc.month. There are two alternative ways of paying for your Jaguar. What would be the total cost (of the car today) in $ to buy a certain pound amount spot today and invest the amount in the U.K. for three months so that the maturity value becomes equal to £75,000