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The Table Lists Interest Rates on Long-Term Investments (Based on 10-Year

question 86

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The table lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2004-2005. Assuming that you invest $13,000 in Japan, how long (to the nearest year) must you wait before your investment is worth $19,000 if the interest is compounded annually Round your answer to the nearest year.  Country  U.S.  Japan  Canada  Yield 5.3%1.5%5.2%\begin{array} { | l | l | l | l | } \hline \text { Country } & \text { U.S. } & \text { Japan } & \text { Canada } \\\hline \text { Yield } & 5.3 \% & 1.5 \% & 5.2 \% \\\hline\end{array}

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Definitions:

Full Voltage

A term typically referring to the application of full line voltage to a device, ensuring it operates at its intended performance level.

Electrical Supply

Refers to the source and infrastructure involved in delivering electricity from the production point to the consumer.

Electric Motors

Machines that convert electrical energy into mechanical energy, commonly used in various applications from household appliances to industrial machinery.

Rated Frequency

The specific frequency at which an electrical device or piece of equipment is designed to operate most effectively and efficiently.

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