Consider the typical $$300$ loan described in minutes $29$:$45$ to $32$:$00.$ Which of the following is true?

The loan was set up to be paid off in $10$ biweekly payments for a total of $$975.$

The loan was set up to be paid off in $8$ biweekly payments for a total of $$800.$

The loan was set up to be paid off in $5$ biweekly payments for a total of $$390.$

The loan was set up to be paid off in $4$ biweekly payments for a total of $$360.$