Long Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.1 Country U.S. Зарan Germany Australia Brazil Yield 2.5% 0.5% 1.0% 3.5% 4.2% If you invest $10,200 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000? months

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Long-Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries
in 2014.t
Country
U.S.
Jаpan
Germany
Australia
Brazil
Yield
2,5%
0.5%
1.0%
3.5%
4.2%
If you invest $10,200 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000?
months
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Transcribed Image Text:Long-Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.t Country U.S. Jаpan Germany Australia Brazil Yield 2,5% 0.5% 1.0% 3.5% 4.2% If you invest $10,200 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000? months Need Help? Read It
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