Question $20[5$ points$]$

Patel Accounting inc. leases its office and computer equipment. Two years ago, it signed a four$-$year lease requiring semi$-$annual payments of $$14,350.$ Financing the equipment would have required a bank loan at $8\mathrm{.}50\%$ compounded monthly. What is the current amount of the lease liability? For full marks your answer$($s$)$ shoukd be rounded to the nearest cent.