QUESTION 4 Not yet answered Marked out of 1.00 P Flag question Use the following information to answer the next two questions: On January 1, 2018, Jimbo Enterprises purchased new equipment for its training center. The equipment cost $220,000. Jimbo paid $25,000 down and is required to pay the rest in semiannual installments for the next 8 years. Jimbo's cost of borrowing is 4%. What is the amount of the semiannual payment jimbo will make every six months? Select one: O a. 28,963 o b. 16,203 O C. 14,362 o d. 12,188 O e. None of the above