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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 you invest $10,600 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000?

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 you invest $10,600 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000?

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CR: Chapter Review
Problem 52E: Investment problem If Landon invests 3000 in a 6-year certificate of deposit at the annual rate of...
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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 you invest $10,600 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000?
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