document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1190868>Question 1190868</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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.†<BR>\n" );
document.write( "Country	U.S.	     Japan	    Germany.  Australia   Brazil<BR>\n" );
document.write( "Yield	2.5%.     0.5%	       1.0%	        3.5%	4.2%<BR>\n" );
document.write( "Assuming that you invest $13,000 in Japan, how long (to the nearest year) must you wait before your investment is worth $20,000 if the interest is compounded annually?<BR>\n" );
document.write( " _______ yr<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #823137 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=823137\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 20000=13000(1.005)^n, n is number of years<BR>\n" );
document.write( "1.538=1.005^n<BR>\n" );
document.write( "logs both sides<BR>\n" );
document.write( "0.18708=nlog(1.005)<BR>\n" );
document.write( "n=86.37 years or 86 years<BR>\n" );
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