Question: 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.

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%

Assuming that you invest $6,000 in the United States, how long (to the nearest year) must you wait before your investment is worth $16,000 if the interest is compounded annually? ___ yr

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