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

question 3

Short Answer

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? Country U.S. Japan Canada Yield 5.3% 1.5% 5.2% __________ year(s)

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Definitions:

Consequences

The outcomes, effects, or results that naturally follow from an action or condition.

Number Rules

Guidelines or principles related to the use, representation, and manipulation of numbers in various contexts.

Startup Capital

Initial funding needed to start a business, which may cover costs such as product development, marketing, and operations.

Ten-inch Pizzas

A size specification for pizzas, indicating that the diameter of the pizza measures ten inches.