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

question 82

Multiple Choice

How long, to the nearest year, will it take an investment in Japan to double its value if the interest is compounded every six months? Please round the answer to the nearest year. Country U.S. Japan Canada Korea Australia Yield 5.3% 1.5% 5.2% 5.4% 6.0%

• A)47 years
• B)46 years
• C)42 years
• D)51 years
• E)43 years

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Definitions:

Team Skill

The collective abilities and competencies of a group that contribute to its effectiveness in achieving common goals.

Broad-based Organizational Change

A comprehensive transformation in an organization covering major aspects like culture, systems, processes, and structure, aiming at improving overall performance and adaptability.

Teamwork Role

The specific duties or functions that an individual assumes or is assigned within a team to contribute effectively to the team's goals.

Complementary Skills

Abilities or expertise in different areas that, when combined, enhance performance, productivity, or innovation in a team or project.