The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $4,320 at the end of every three months for five years. No payments are to be made during the development period of three years. Interest is 9% compounded monthly.

(a) How much should the Group borrow?

(b) What amount will be repaid?

(c) how much of that amount will be interest?

(c) How much of that amount will be interest?