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Jeff deposits 4,000 into a fund today and 8,000 ten years later. Interest is credited at a nominal discount rate of d compounded quarterly for

Jeff deposits 4,000 into a fund today and 8,000 ten years later. Interest is credited at a nominal discount rate of d compounded quarterly for the first 5 years, and at a nominal interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 20 years is 40,000. Calculate d.

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