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The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $ 4 , 7 0 0 at

The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $4,700 at the end of every six months for three years. No payments are to be made during the development period of seven years. Interest is 3% 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.)
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