Your answer is incorrect. David Fowler borrowed $91,860 on March 1, 2023. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2033. To retire this debt, David plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2028, and for the next 4 years. The fund is expected to earn 7% per annum. Click here to view factor tables. How much must be contributed each year by David 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 O decimal places, e.g. 458,583.) Annual contribution to debt retirement fund $ eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer