4. DETAILS BRECMBC9 11.1. TB.029. MY NOTES ASK YOUR TEACHER Solve the following problem using either Table 11-1 or Table 11 -2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cert and percents to the nearest hundredth of a percent) Omar invests $4,500 at 4 interest, compounded semiannually for years. Calculate the effective interest rate for his investment (Round to nearest hundredth percent.) 7.84 1.00 1.16% 5. DETAILS BRECMBC9 11.1. TB.031. MY NOTES ASK YOUR TEACHER Solve the following problem using either Table 11-1 or Table 11.2 from your text. When necessary, create new table factors. Round new table factors tayive decimal places, round dollars to the nearest cant and percents to the nearest hundredth of a percent) Anibal invests $6,375 at 6% interest, compounded quarterly for 1 year. Calculate the effective interest rate for his investment (Round to nearest hundredth percent) 5.98 6.00% 6.14 6.56 DETALS BRECMDC9 11.LTD.035, MY NOTES ASK YOUR TEACHER Gil wants to have $9,625 in 6 years. Use the present value formula to calculate how much he should investnow at interest compoundederannually in order to reach his goal $7,892.50 10.041.28 10.050.23 1,060.79