The Table Lists Interest Rates on Long-Term Investments (Based on 10-Year

Short Answer

The table lists interest rates on long-term investments (based on 10-year government bonds)in several countries in 2004-2005. Assuming that you invest $13,000 in Japan, how long (to the nearest year)must you wait before your investment is worth $19,000 if the interest is compounded annually? Country U.S. Japan Canada Yield 5.3% 1.5% 5.2% __________ year(s)