Question content area topPart $1$A major property developer is concerned about lack of sales due to local economic conditions. To ensure that his condos are occupied, he offers a lease$-$to$-$purchase program in which, if people sign a lease by the end of March, they will not have to start making payments until March of the following year. The purchase price of the condo is $$185$ comma $000.$ Payments of $$1094\mathrm{.}24$ will be required at the beginning of each month over a $25-$year amortization period. If interest is $3\mathrm{.}7\%$ compounded semi$-$annually during the first year, what is the semi$-$annually compounded interest rate during the payment period?Question content area bottomPart $1$The interest rate during the payment period is enter your response here$\%$ compounded semi$-$annually.Use all $9$ digits and do not round your results.