Question: please show formula and clear solutions. round answer to the nearest cent Question 8 of 12 Derek leased equipment worth $55,000 for 7 years. If

please show formula and clear solutions. round answer to the nearest cent

Question 8 of 12 Derek leased equipment worth $55,000 for 7 years. If the cost of borrowing is 6.95% compounded semi-annually, calculate the size of the lease payment that is required to be made at the beginning of each half-year. Round to the nearest cent

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