How Long, to the Nearest Year, Will It Take an Investment

question 46

Multiple Choice

How long, to the nearest year, will it take an investment in U.S. to double its value if the interest is compounded every six months Please round the answer to the nearest year. $$\begin{array} { | l | l | l | l | l | l | } \hline \text { Country } & \text { U.S. } & \text { Japan } & \text { Canada } & \text { Korea } & \text { Australia } \\\hline \text { Yield } & 5.3 \% & 1.5 \% & 5.2 \% & 5.4 \% & 6.0 \% \\\hline\end{array}$$

• A)14 years
• B) 16 years
• C) 13 years
• D) 8 years
• E) 15 years

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Definitions:

Ureter

A tube that carries urine from the kidneys to the bladder for storage until elimination.

Urethra

The duct through which urine exits the body from the urinary bladder, and in males, also conveys semen during ejaculation.

Renal Pelvis

The central part of the kidney where urine collects before moving into the ureter and then the bladder.

Peritoneal Membrane

A thin, delicate membrane that lines the interior of the abdominal cavity and covers the surfaces of abdominal organs.