The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $2,820 at the end of every year for three years. No payments are to be made during the development period of 8 years. Interest is 8% compounded quarterly. (a) How much should the Group borrow? (b) What amount will be repaid? (c) How much of that amount will be interested? a) The Group should borrow $ ??

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount that will be repaid is $ ?? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) c) The amount of interest will be $ ?? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)