AJplaces 20, 000 into an account with monthly compounding that results in interest earnings of 1, 286 00 for the find year. What is the monthly interest rate on the account that results in this interest earnings? Report to 4 digits after decimal point in percentage format If the bank hosting the account decided to change the compounding period to quarterly, what quarterly interest rate would be declared for the account if the bank wanted to keep yearly interest earning to depositors the same? Report to 4 digits after decimal point in percentage format