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

question 74

Short Answer

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

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Definitions:

Risk and Uncertainty

A situation where the outcomes are unknown, emphasizing the unpredictability of future states.

Exchange Theory

A sociological perspective that examines social relationships based on cost-benefit analyses, where interactions are seen as transactions aiming to maximize rewards and minimize costs.

Trust

The reliance on the integrity, strength, ability, or surety of a person or thing; confidence in the predictability of someone or something's behavior.

Integrated Exchange Theory

A sociological theory that combines elements of exchange theory with systemic analyses of social interactions and networks.