Question: Two funds, X and Y start with the same amount. Given the information below, calculate i. i) Fund X accumulates at a force of interest

Two funds, X and Y start with the same amount. Given the information below, calculate i.

i) Fund X accumulates at a force of interest of 9 % .

ii) Fund Y accumulates at a rate of interest i , compounded quarterly .

iii) At the end of 6 years, fund X is 1.09 times as large as Fund Y.

Interest rate i=_______

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