FORMULAS CSCSces Cececces log S-log n = log(1 + :) S = c(1+1) s C= CCCCCCSS CCCCCCCC SeeSSSSS i= [antilog (log5 1o3C))-- C = S(1+3)* lags- - 1 = TRAINING 1: A person borrows $800 five years later and pays back $1,020. Determine the annual nominal interest rate that was applied if the interest is: a) Simple b) Capitalized Annually c) Capitalized Quarterly d) Compounded Monthly A letter of $17,000 that matures in 10 years is offered for $10,000 with the money at %6 annual cash. What will be the profit or loss that can be produced in the purchase of the letter