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

question 86

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. Country U.S. Japan Canada Korea Australia Yield 5.3% 1.5% 5.2% 5.4% 6.0% t = __________ year(s)

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Definitions:

Refusal

The act of declining an offer or request.

Paragraph

A distinct section of a piece of writing, usually dealing with a single theme and indicated by a new line, indentation, or numbering.

Reason

The power of the mind to think, understand, and form judgments logically.

Primary Purpose

The main or most important reason for something's existence or for doing something, often driving the design or execution of a process or product.