4. (1 point) How many years will it take for a $100,000 investment to increase to $500,000 if it is invested at an annual interest rate of 2.00% ? Round to the nearest 0.01 . 5. (1 point) You are offered a line of credit with a quoted interest rate of 35.00% and daily compounding. What is your effective annual interest rate? Round to the nearest 0.01%. 6. (1 point) If you invest $5,000 per year for 35 years, then what is the annual rate of return required to reach a savings goal of $1,000,000 after 35 years? Round to the nearest 0.01%. 7. (1 point) How much must a donor donate today if they wish to establish a scholarship of $10,000 per year, forever? Assume the donated proceeds can remain invested at an annual interest rate of 3.50%. Round to the nearest $0.01