1. Calculate the nominal interest rate of Taylor's loan of $12,000.00 if it accumulated to $14,108.27 in 7.5 years and interest is compounded monthly 2. Corey paid off a loan by making a payment of $5,700, which included simple interest of 3% p.a. If she obtained the loan 11 months ago, calculate the amount borrowed and the amount of interest paid on this loan. Amount borrowed: Amount of interest paid: 3. Jacob's website development business was doing well and she wanted to lend the surplus earnings she made to her friend who was in need of money. She lent $2,900 at a simple interest rate of 2.90% p.a. to her friend on August 08, 2016. How much interest Jacob's friend had to pay on May 08,2017? What is the total repayment amount