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The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves...

The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of ​$5,860 at the end of every six months for three years. No payments are to be made during the development period of four years. Interest is 6​% compounded monthly.

​(a) How much should the Group​ borrow?

​(b) What amount will be​ repaid?

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

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