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Jason Fowler borrowed $94,020 on March 1,2023 . This amount plus accrued interest at 10% compounded semiannually is to be repaid March 1, 2033. To
Jason Fowler borrowed $94,020 on March 1,2023 . This amount plus accrued interest at 10% compounded semiannually is to be repaid March 1, 2033. To retire this debt, Jason plans to contribute to a debt retirement fund five equal arnounts starting on March 1,2028, and for the next 4 years. The fund is expected to earn 9% per annum. Click here to view factor tables. How much must be contributed each year by Jason Fowler to provide a fund sufficient to retire the debt on March 1,2033? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg.458,583.) Annual contribution to debt retirement fund \$
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