Question 2 (1 point) You are to repay a loan with repayments of $80.00 every quarter over a period of 6.5 years, with the first repayment being one quarter after you took out the loan. If interest is charged at 14 - 8.1510% p.a. then the amount borrowed is! 1) $2,607.48 2) $2,707.28 3) $1,602.33 4) $1,566.83