Ch5 more advanced TVM HW Question 3 of 7 < < -/7 View Policies Current Attempt in Progress George Fowler borrowed $94,640 on March 1, 2023. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2033. To retire this debt, George plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2028, and for the next 4 years. The fund is expected to earn 11% per annum. Click here to view factor tables. How much must be contributed each year by George Fowler to provide a fund sufficient to retire the debt on March 1, 2033? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,583.) Annual contribution to debt retirement fund eTextbook and Media Save for Later $ Attempts: 0 of 3 used Submit Answer