Tyler Swift borrowed $1,100,000 to build a recording studio in his home. The total amount of the debt along with 6% annual interest must be ropaid in 18 years He decides to invest in a debt siniking fund that will be used to retre the debt. The fund eams 9% interest and requires him to pay an equal amount each year (end of each year) starting in Year 5 and lasting through maturity. Interest is compounded annually. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Arinuity table.) (Click the icon to view the Present Value of an Croinary Asnuity table.) (Click the icon to vicw the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Annulty Due table.) Requirement What amount must Tyler Switt contribute each year in order to sucoessfully retire the debt in 18 yoars? (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula mothod, use tactor amounts rounded to five decimal placos; XXXXX. Round intermediary currency computations and your final answer to the nearest cent, $XXX ) Tyler Switt must contribute each year in order to successfully retiro the debt in 18 years