The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of $4,580 at the end of every year for three years. No payments are to be made during the development period of seven years. Interest is 5% compounded quarterly (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)

Jacob wants to accumulate at least $45,000 by depositing $1,300 at the end of each month into a fund that earns interest at 4.75% compounded monthly. a. How many deposits does he need to make in order to reach his goal? 0 Round to the next payment b. How long will it take Jacob to reach his goal? o year(s) o month(s) Express the answer in years and months, rounded to the next payment period

You have taken a loan of $66,000.00 for 32 years at 3.4% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest 0) 1) 2) 3) S $ $ Balance $66,000.00 $ $ $

You have maxed out your credit card and owe $3,100. Its interest rate is 21%. Each month, you make the minimum required payment of $32. (Round your answers to the nearest cent.) (a) During the September 20 through October 19 billing period, you pay the minimum required payment on October 1. Find the average daily balance, the finance charge, and the new balance. average daily balance     $   finance charge $  new balance $  (b) During the October 20 through November 19 billing period, you pay the minimum required payment on November 11. Find the average daily balance, the finance charge, and the new balance. average daily balance     $  finance charge $  new balance $  (c) During the November 20 through December 19 billing period, you pay the minimum required payment on November 30. Find the average daily balance, the finance charge, and the new balance. average daily balance     $  finance charge $  new balance $  (d) Discuss the impact of making the…