Piotr is buying a car by making bi-weekly payments of $348.50 (at the end of every two weeks) for 4 years (104 payments). This payment plan is equivalent to paying $X in cash for the car. The interest rate is r(52) = 7.00%.

a. X = $31,657.44.

b. None of the other answers is correct.

c. X = $31,572.38.

d. X = $41,766.49.

e. X = $41,879.01.