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The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $1,230 at the end of every month

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The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $1,230 at the end of every month for three years. No payments are to be made during the development period of ten years. Interest is 6% compounded annually (a) How much should the Group borrow? (b) What amount will be repaid? (c) How much of that amount will be interest? 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 $0 (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) Enter your answer in each of the answer boxes 2

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