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:

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A social or religious custom prohibiting or restricting a particular practice or forbidding association with a particular person, place, or thing.

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