Od dear.. you have indeed explained everything and corrected my mistakes. Your first interpretation is right, it is (or was in my test) the infinite sum of geometric progression. I probably confused you by using the wrong formula (or equation(?)) (an = a1 * q^(n-1)), which applies, in fact, to the finite(?) sum of geometric progression. I trully hope I'm putting this correctly heh. So of course I should have used the S = T1/(1-r) = 1 / (1- (-3/4)) = 4/7 and get the same answer as you.
I can only hope my maths professor is going to be 'reasonable' and give me 3 points out of 4, since I've obviously known how to do everything else and I just messed up the formulas. Eh, I'll see.
Thank you very much for your help, I really appreciate your effort.
I'm trully sorry for replying so late, I forgot about this a bit because I have to study for another class. And it is, how convenient heh, my first language class. Slovenian. Doubt you've ever heard of it, though.