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% How long, to the nearest year, will it take an investment in Brazil to double its value if the interest is compounded every 4 months?
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% How long, to the nearest year, will it take an investment in Brazil to double its value if the interest is compounded every 4 months?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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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% |
How long, to the nearest year, will it take an investment in Brazil to double its value if the interest is compounded every 4 months?
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