Company A stipulates a three-year leasing contract with a financial company for a vehicle whose price is $20,000 with a 10% ,of the vehicle's value, immediate payment. Company A also undertakes to pay rents equal to C (bimonthly) for the entire duration of the contract and at the end of the lease period, it can purchase the vehicle by paying the redemption price equal to 5C. If the annual percentage rate is equal to 7.5%, what is the value of C (bimonthly)? A step by step solution is needed.