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? Round your answer to the nearest year.
CountryU.S.JapanCanadaYield5.3%1.5%5.2%?
A. 26 years
B. 19 years
C. 25 years
D. 22 years
E. 28 years
Answer: C
Mathematics
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