Pension Officer Jack is an actuary working for a corporate pension fund

MATHEMATICS · Subjective · GCSE · Mathematics · Ratio and Proportion · Ratio and Proportion

Problem

27. Pension Officer Jack is an actuary working for a corporate pension fund. He needs to have $14.6\$ 14.6 million grow to $22\$ 22 million in 6 years. What interest rate compounded annually does he need for this investment?

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