You are to repay a loan with repayments of $150.00 every fortnight over a period of 7.0 years, with the first repayment being one fortnight after you took out the loan. If interest is charged at j26 = 7.9950% p.a. then the amount borrowed is:

Question 3 options:

1)	$20,308.32

2)	$36,515.01

3)	$34,793.61

4)	$20,882.93