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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 2008. HINT [See Example 4.] (Round your answer to the nearest integer.)

If you invest $10,200 in the United States, and the interest is compounded monthly, how many months will it take for your investment to grow to $20,000?
months
Country U.S. Japan Canada Germany Australia
Yield 3.9% 1.5% 3.8% 4.3% 5.9%

  • sfsu - ,

    This sounds like a finance or math question, not an sfsu question.

  • sfsu - ,

    12

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