In a daily meeting, the Chief Financial Officer (CFO) gave Ari the following table of market rates Spot exchange rate: Yen 106/$ U.S. dollar interest rate per annum 10% Japanese Yen interest rate per...

In a daily meeting, the Chief Financial Officer (CFO) gave Ari the following table of market rates
Spot exchange rate: Yen 106/$
U.S. dollar interest rate per annum 10%
Japanese Yen interest rate per annum 6%
and told Ari that the company’s financial analyst expected the Japanese Yen to depreciate against the U.S. dollar by 3.46% in 90 days. Assume there are 360 days in a year, and all interest rates are simple interest rates. If the financial analyst’s prediction about the US dollar and Japanese Yen turned out to be true:
What would the spot exchange rate (Yen/$) be in 90 days?