$15,000 is invested into a plan earning 5% compounded quarterly for the first ten years. What will the rate of interest have to be for the next ten years (compounded monthly) for the value to reach $40,000?

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The Answer of $15,000 is invested into a plan earning 5% compounded quarterly for the first ten years. What will the rate of interest have to be for the next ten years (compounded monthly) for the value to reach $40,000?

$15,000 Is Invested into a Plan Earning 5% Compounded Quarterly