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The omega group needs to borrow to finance a project. Repayment of the loan involves payments of 2 0 2 0 at the end of

The omega group needs to borrow to finance a project. Repayment of the loan involves payments of 2020 at the end of every six months for six years. No payments are to be made during the development prriod of eight years. Interest is 9% compounded quarterly. How much should the group borrow? What amount will be repaid? How much of that amount will be interest?

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