-/5 View Policies Current Attempt in Progress David Milner borrowed $108,000 on July 1, 2020. This amount plus accrued interest at 6% compounded semiannually is to be repaid in total on July 1, 2030. To retire this debt, Milner plans to contribute to a debt retirement fund 5 equal amounts starting on July 1, 2025 and continuing for the next four years. The fund is expected to earn 4% per annum. Click here to view factor tables Compute how much must be contributed each year by David Milner to provide a fund sufficient to retire the debt on July 1, 2030? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.3. 458,581.50.) Amount to be contributed $ Save for Later Attempts: 0 of 1 used Submit