6. A lender providing a loan of $5 million requires semi-annual payment of interest at a nominal rate of 8.9% per year and repayment of the $5 million principal at the end of 10 years. The borrower plans to accumulate that principal for repayment at the end of 10 years using level semi-annual deposits into a sinking fund that earns interest at a nominal rate of 3.7% per year when compounded semiannually. What is the borrowers total cash outlay every 6 months?