Per capita real GDP in country L is three times as high as in country M. The economic growth rate in country M, however, is 8 percent, while country L's economy grows at a rate of 5 percent. Use Table 9-3 on page 191 to determine approximately how many years will pass before per capita real GDP in country M surpasses per capita real GDP in country L.

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Interest Rate Number of Years 3% 4% 5% 6% 8% 10% 20% 1.03 1.04 1.05 1.06 1.08 1.06 1.08 1.10 1.12 1.17 1.21 1.09 1.12 1.16 1.19 1.26 1.33 1.13 1.17 1.22 1.26 1.36 1.4 1.16 1.22 1.28 134 1.47 1.61 1.19 1.27 1.34 1.4 1.59 1.77 1.23 1.32 1.4 1.50 1.71 1.27 1.37 1.48 1.59 1.85 2.14 1.30 1.42 1.55 1.68 2.00 2.35 1.34 1.48 1.63 1.792.16 2.59 1.81 2.19 2.65 3.20 4.66 6.72 2.43 3.24 4.32 5.74 10.00 17.40 237.00 3.26 4.80 7.04 10.30 21.70 45.30 1,470.00 4.38 7.11 11.50 18.40 46.90 117.00 9,100.00 1.20 1.44 1.73 2.07 2.49 2.99 3.58 4.30 5.16 6.19 38.30 1.10 1.94 10 20 30 40