Chen is signing a lease on a store. Payments will be $585.00 at the start of every week for 1 years. The interest rate is 1.800% compounded annually. What is the equivalent up front cost of the lease?

a. X = $30,698.23.

b. None of the other answers is correct.

c. X = $30,145.09.

d. X = $30,155.43.

e. X = $30,687.70.

On 2018-12-20 Dae-Sung invests $14,700.00 in an account paying i⁽¹⁾ = 9.125%. The account uses the simple (linear) method for computing interest for partial periods, based on the ACT / 360 daycount convention. How much money does he receive when he withdraws it on 2019-09-05?

a. $15,642.31

b. $15,851.71

c. $15,699.42

d. $15,651.83

e. $15,813.64