Mandy deposited \$150 000 in a 5-year investment plan. For the first two years, it offers a simple interest rate of 4% per annum. After two years, the accumulated sum will enjoy a compound interest of 5% per annum, compounded quarterly for 3 years.
Show that the amount of interest she will receive at the end of 5 years is about \$38 000 (rounded to the nearest thousand).[4]
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