turrent Attempt in Progress Ivanhoe Inc. is considering leasing a car from Jackie Inc, for a period of four years. The fair value of the car today is $37,800. The current market interest rate for financing such a vehicle is 18% compounded semi-annually. Below is a time diagram of this situation. Calculate the semi-annual lease payment assuming that the payment is made at the end of the period. (Round answer to 2 decimal places, e.8.5.275.25.)