A loan of $$$$1100$ is to be repaid with semiannual payments for $5$ years at $4\mathrm{.}5\%$ interest compounded semi dash annually. Calculate the semiannual payment.

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Part $1$

The semiannual payment is $$$

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enter your response here.

$($Do not round until the final answer. Then round to the nearest cent as$$ needed.$)$