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

question 44

Multiple Choice

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 $11,000 in Japan, how long (to the nearest year) must you wait before your investment is worth $17,000 if the interest is compounded annually? Country U.S. Japan Canada Yield 5.3% 1.5% 5.2%

• A)29 years
• B)24 years
• C)25 years
• D)32 years
• E)30 years

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