Using 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) m...

ANSWER To calculate the time required for an investment to grow from 6000 to 10000 at ...

Using the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in

Fantastic news! We've Found the answer you've been seeking!

Question:

Using 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 $10,000 if the interest is compounded annually?

Related Book For answer-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

See More Books

Posted Date: May 04, 2023 01:34 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
The production of paper involves a pulping step to break down wood chips into cellulose and lignin. In the Kraft process, an aqueous, pulping-feed solution, known as white liquor, is used that...
Jason Bond Company operates two restaurants, one in Valencia and one in Saugus. The operations and cash flows of each of the two restaurants are clearly distinguishable. During 2011, Jason Bond...
Consider an ideal Ericsson cycle with air as the working fluid executed in a steady-flow system. Air is at 27C and 120 kPa at the beginning of the isothermal compression process, during which 150...
One study examined the personal values of 116 students studying mortuary science with the intention of becoming funeral directors (Shaw \& Duys, 2005). The students completed a well-established...
Canwest Global Communications Corp. reported cash used by operating activities of $104,539,000 and revenues of $2,867,459,000 during 2009. Cash spent on plant asset additions during the year was...
What are the ethical responsibilities of leaders in promoting diversity, equity, and inclusion within organizations, advancing initiatives to combat discrimination, promote equal opportunity, and...
Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances: Calculate the return on assets for Alice Appliance Service for the year...
The Open Boat By Stephen Crane Describe in one two-page essay (minimum) what you think Crane would like to communicate through this story. Add more if necessary. As part of your "evidence" be sure...
The random variable x has the following probability distribution. x f(x) 0 0.15 1 0.20 2 0.25 3 0.25 4 0.15 (a) Is this probability distribution valid? Explain and list the requirements for a valid...
Explain the cohort effects in explaining differences in (LPPR) for men and women from this figure. Explain the differences in LFPR associated with belonging to a particular generation. Explain this...
A random variable x has the following probability distribution. | | f(x) 0 0.35 1 0.25 2 0.27 3 0.08 4 0.05 (a) Determine the expected value of x. (b) Determine the variance.
List and describe two ways (one for demand and one for supply) to address positive consumption externality. How would they be effective? What are the two possible "cons" of these 2 ways?
Working Capital and Short Term Liquidity Ratios Bell Company has a current ratio of 2.85 on December 31. On that date the company's current assets are as follows: Cash Short-term investments $16,400...
What is the difference between client-side script and server-side script?
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
Color the map by using a maximum of four colors so that no two regions with a common border have the same color. 12/3 4 10
Determine whether the statement is true or false. Modify each false statement to make it a true statement. 32 is a divisor of 4.
A construction contract differs from contracts that we generally deal with that focus on an easily defined physical object because the physical object can be examined. How is the object of a...
What does the owner contribute to the project and what does the contractor contribute to the project?
For what type of project is a line-of-balance schedule particularly suited? Identify specific examples.

Using the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in

Question:

Expert Answer:

ANSWER To calculate the time required for an investment to grow from 6000 to 10000 at ... View the full answer

A Survey of Mathematics with Applications

Students also viewed these accounting questions