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. HINT [See Example 2.]CountryU.S.JapanGermanyAustraliaBrazilYield2.5%0.5%1.0%3.5%4.2%Assuming that you invest $9,000 in the United States, how long (to the nearest year) must you wait before your investment is worth $12,000 if the interest is compounded annually?

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Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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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. HINT [See Example 2.]

Country	U.S.	Japan	Germany	Australia	Brazil
Yield	2.5%	0.5%	1.0%	3.5%	4.2%

Assuming that you invest $9,000 in the United States, how long (to the nearest year) must you wait before your investment is worth $12,000 if the interest is compounded annually?

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