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You are working for an equipment leasing company, and your boss has asked you to calculate the half - yearly lease payments for new equipment
You are working for an equipment leasing company, and your boss has asked you to calculate the halfyearly lease payments for new equipment for a client. The cost of the equipment is $ and the lease term is years. The interest rate is pa compounding semiannually. The lease requires lease payments that are the same every halfyear, except for the final payment which is a residuallump sum payment of $
Assuming the lump sum payment is made in the final halfyear period calculate the halfyearly lease amount for the other periods. Type your answer as a positive number into the box in dollar and cents ie decimal places and no negative symbol
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