Find the interest rate for each deposit and compound amount. 8) $8400 accumulating to $9953.57, compounded monthly for 4 years. Objective: (5.1) Find Compound Interest Rate Find the effective rate corresponding to the given nominal rate. Round to the nearest hundredth. 9) 6% compounded semiannually Objective: (5.1) Find Effective Rate Find the amount that should be invested now to accumulate the following amount, if the money is compounded indicated. as 10) $27,400 at 6% compounded annually for 10 years 10) Objective: (5.1) Find Present Value Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. 11) $6000 deposited at 5% compounded quarterly, to reach at least $15,400. Objective: (5.1) Find Time Required to Get Final Amount 11)