Priya takes out a loan from the Deep Bay Bank for $30,000 to buy a new Prius. The interest rate changed is j26 = 7.54% p.a. The loan is to be repaid over 4 years with the first payment due in a fortnights time. The terms of the loan are that it is an interest only loan for the first year (first 26 payments), at which time it converts to a fully amortized P&I loan.

1. ANSWER IN THE FORMAT "$XX.XX". The size of each fortnightly payment during the first year to two decimal places is:

2. ANSWER IN THE FORMAT "$XX,XXX.XX". The outstanding principle after the 26th payment is:

3. ANSWER IN THE FORMAT "$XXX.XX". The fortnightly payment size during the P&I phase of the loan is: