You are thinking of leasing a Dodge Journey. The price of the Dodge Journey is $44,430. You have $8,250 for a down payment. The term of the lease is Four years, and the interest rate is 5.55% compounded Semi-Annually.

The buyout on the lease is 50% of its purchase price(note: this is the price before the down payment is subtracted) and it is due at the end of the term if the customer wishes to keep the vehicle. What is the residual value in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places.) What is the Present Value? (Do not round intermediate calculations and round your final answer to 2 decimal places.) what are the biweekly lease payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)