7. Marcello renovated the kitchen in his house to take advantage of a tax rebate program. To pay for the renovations, he arranged a loan whereby he made payments of $288 at the end of every three months for three years. The bank charged interested on the loan at 8.4% compounded quarterly. How much money was borrowed? a. 3025.08 b. 3026.08 c. 3027.08 d. 3029.08 8. What deposit made at the end of each quarter will accumulate to $10 000 in four years at 4% compounded quarterly? a. 569.45 b. 579.45 c. 589.45 d. 599.45 9. What semi-annual payment at the end of each 6-month period is required to pay off a loan of $8000 in 10 years if interest is 10% compounded semi-annually? a. 631.94 b. 641.94 c. 651.94 d. 661.94 10. How long will it take for $200 deposited at the end of each quarter to amount to $5726.70 at 6% compounded quarterly? 8. What deposit made at the end of each quarter will accumulate to $10 000 in four years at 4% compounded quarterly? a. 569.45 b. 579.45 C. 589.45 d. 599.45 9. What semi-annual payment at the end of each 6-month period is required to pay off a loan of $8000 in 10 years if interest is 10% compounded semi-annually? a. 631.94 b. 641.94 c. 651.94 d. 661.94 10. How long will it take for $200 deposited at the end of cach quarter to amount to $5726.70 at 6% compounded quarterly