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

Using the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.

CountryU.S.JapanGermanyAustraliaBrazil
Yield2.5%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?

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