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Jenny deposits $10,000 into a fund today and $5,000 five years later. Interest is credited at an annual rate of X compounded monthly for the

Jenny deposits $10,000 into a fund today and $5,000 five years later. Interest is credited at an annual rate of X compounded monthly for the first 3 years, and at an annual interest rate of 4 % compounded quarterly thereafter. The accumulated balance in the fund at the end of 10 years is $22,000. Solve for X.

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