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x Your answer is incorrect. Henry Fowler borrowed $94,030 on March 1, 2018. This amount plus accrued interest at 12% compounded semiannually is to be

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x Your answer is incorrect. Henry Fowler borrowed $94,030 on March 1, 2018. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Henry plans to contribute to a debt retirement fund five equal amounts starting on March 1.2023, and for the next 4 years. The fund is expected to earn 11% per annum. Click here to view factor tables How much must be contributed each year by Henry Fowler to provide a fund sufficient to retire the debt on March 1, 2028? (Round factor values to 5 decimal places, e$. 1.25124 and final answer to 0 decimal places, e8.458,583.) Annual contribution to debt retirement fund $ 81,594 Tauthenland Andi

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