please explain it in details, thank you

3. Brown deposits 5.000 in a 5-year investment that pays interest quarterly at 8%, compounded quarterly. Upon receipt of each interest payment, Brown reinvests the interest in an account that earns 6%, compounded quarterly. Determine Brown's yield rate over the 5 year period, as a nominal interest rate compounded quarterly. Solution: 9,38% 3. Brown deposits 5.000 in a 5-year investment that pays interest quarterly at 8%, compounded quarterly. Upon receipt of each interest payment, Brown reinvests the interest in an account that earns 6%, compounded quarterly. Determine Brown's yield rate over the 5 year period, as a nominal interest rate compounded quarterly. Solution: 9,38%