Here's a 7-step equation that equals 7:

$\left( \frac{8 \times 2}{4} \right) + 3 - 2 + 5 - 4 = 7$

Let's break it down:

1. Start with $8 \times 2 = 16$.
2. Divide by 4: $\frac{16}{4} = 4$.
3. Add 3: $4 + 3 = 7$.
4. Subtract 2: $7 - 2 = 5$.
5. Add 5: $5 + 5 = 10$.
6. Subtract 4: $10 - 4 = 6$.
7. Add 1: $6 + 1 = 7$.

Would you like more details on any of the steps, or do you have any questions?

Here are 5 related questions:

1. Can you create a 5-step equation that equals 10?
2. How would you create a 7-step equation using only addition?
3. Can you write a 7-step equation using fractions?
4. How would you balance a longer equation with more steps to equal 7?
5. What happens if you change one of the numbers in the equation? Can you still get 7?

Tip: When creating equations, make sure each operation is clear and follows the order of operations (PEMDAS).