Fermi
·
Concept Library
·
Courses
·
Books
·
Problems
·
Simulations
·
Math Wiki
·
High School
Fermi
›
Problems
Mathematics — Applications And Interp.
Mathematics — Applications and Interp.
Problem
27. Pension Officer Jack is an actuary working for a corporate pension fund. He needs to have
14.6
m
i
l
l
i
o
n
g
r
o
w
t
o
million grow to
mi
l
l
i
o
n
g
r
o
w
t
o
\
22
22
22
million in 6 years. What interest rate compounded annually does he need for this investment?
Browse the problem library