Long-Term Investments   This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.† Country U.S. Japan Germany Australia Brazil Yield 2.5% 0.5% 1.0% 3.5% 4.2% If you invest $10,800 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $20,000?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Long-Term Investments   This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.†
Country U.S. Japan Germany Australia Brazil
Yield 2.5% 0.5% 1.0% 3.5% 4.2%
If you invest $10,800 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $20,000?
 
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