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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