Chris Fowler borrowed $96,970 on March 1, 2018. This amount plus accrued interest at 10% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund in five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 9% per annum. How much must be contributed each year by Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2028? (Round factor values to 5 decimal places, e.g. 1.25124, and final answer to 0 decimal places, e.g. 458,583.)

Annual contribution to debt retirement fund

$