6 of on Show all workings Rubeus Hagrid has made an investment in real estate. After 6 years, he predicts that the house will need to be renovated at a cost of $76,000. He plans to set aside an equal sum at the end of each quarter, earning an annual return of 5.4%, to pay for these expenses. How much does he need to save each quarter? (round the final outcome to 2 decimal places) (6 marks) b. You are taking out a loan to travel to Italy for vacation. How much can you borrow now for the vacation if you finance the cost over 3 years at a rate of 5.5% per annum and can make payments of $420 per month starting one month from now? (round the final outcome to 2 decimal places)