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View Policies Current Attempt in Progress Chris Fowler borrowed $ 95,530 on March 1, 2018. This amount plus accrued interest at 12% compounded semiannually is
View Policies Current Attempt in Progress Chris Fowler borrowed $ 95,530 on March 1, 2018. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund five equal amounts starting on March 1. 2023, 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 Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2028? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, s. 458,583) Annual contribution to debt retirement fund $ e Textbook and Media Save for Later Attempts: 0 of 4 used Submit
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