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.† Country U.S. Japan Germany Australia Brazil Yield 2.5% 0.5% 1.0% 3.5% 4.2% If the interest on a long-term U.S. investment is compounded continuously, how long will it take the value of an investment to double? (Give the answer correct to two decimal places.)

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.†
Country
U.S.
Japan
Germany
Australia
Brazil
Yield
2.5%
0.5%
1.0%
3.5%
4.2%
If the interest on a long-term U.S. investment is compounded continuously, how long will it take the value of an investment to double? (Give the answer correct to two decimal places.)
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.† Country U.S. Japan Germany Australia Brazil Yield 2.5% 0.5% 1.0% 3.5% 4.2% If the interest on a long-term U.S. investment is compounded continuously, how long will it take the value of an investment to double? (Give the answer correct to two decimal places.)
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