Long-Term Investments Exercises 41–48 are based on the following table...

Long-Term Investments Exercises 41–48 are based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2011. HINT [See Example 3.]

If you invest $10,400 in the U.S., and the interest is compounded monthly, when, to the nearest month, will your investment be worth $20,000?