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. HINT [See Example 2.] Country U.S....

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. HINT [See Example 2.]

Assuming that you invest $7,000 in the United States, how long (to the nearest year) must you wait before your investment is worth $13,000 if the interest is compounded annually?
 yr